Market|Breadth
Composite tracking of stock participation, moving averages, and market internals
AI SummaryAccording to CondorEdge, Market Breadth for S&P 500 (US) is currently in a weakening regime. With a composite breadth score of 44.4/100, 38% of equities are trading above their 50-day moving average and 84.1% above their 200-day moving average. The advance-decline ratio is 0.4:1 (1268 advancing, 3168 declining). Three structural factors define US market participation dynamics: (1) Megacap Tech Domination — the market-cap weighted index returns are frequently driven by a handful of tech giants (the 'Magnificent Seven'), leading to frequent divergences between equal-weighted and cap-weighted returns; (2) AI and Tech Infrastructure Capital Expenditure — massive investments in AI technology create a powerful bid for semiconductor and cloud infrastructure components, occasionally leaving defensive sectors lagging; and (3) Systematic and Passive Inflows — huge passive indexing flows disproportionately benefit the largest index constituents, complicating the interpretation of breadth signals relative to historical cycles. Source: CondorEdge.com (https://condoredge.com/stocks/market-breadth).
The breadth indicators for S&P 500 (US) are calculated using a universe of 5026 key equities.
United States: Combines the primary constituents of S&P 500, Nasdaq 100, Dow Jones 30, and Russell 2000 (US large-cap and broad market coverage).
Historical Breadth Indicators
Overlay of breadth composite vs moving average distributions for S&P 500 (US)
Advanced Breadth Layers
Under-the-surface internals: Concentration, Sectors, Volatility, and Volume regimes
| Ticker | Company Name | Index Weight | Today's Return | Weighted Contribution |
|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 6.46% | -4.22% | -0.273% |
| GOOGL | Alphabet Inc. | 5.77% | -1.4% | -0.081% |
| GOOG | Alphabet Inc. | 5.71% | -1.45% | -0.083% |
| AAPL | Apple Inc. | 5.25% | -1.23% | -0.064% |
| MSFT | Microsoft Corporation | 3.77% | -1.55% | -0.059% |
| AMZN | Amazon.com, Inc. | 3.42% | -1.41% | -0.048% |
| AVGO | Broadcom Inc. | 2.39% | -5.48% | -0.131% |
| SPCX | Space Exploration Technologies | 2.36% | -6.37% | -0.151% |
| META | Meta Platforms, Inc. | 1.86% | -1.53% | -0.028% |
| TSLA | Tesla, Inc. | 1.85% | -0.87% | -0.016% |