{"id":16559,"date":"2024-07-14T03:06:31","date_gmt":"2024-07-14T03:06:31","guid":{"rendered":"http:\/\/blog.leavittbrothers.com\/?p=16559"},"modified":"2024-07-16T12:33:32","modified_gmt":"2024-07-16T12:33:32","slug":"the-internals-have-surged-participation-has-broadened-out","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=16559","title":{"rendered":"The Internals Have Surged, Participation Has Broadened Out"},"content":{"rendered":"\n<p>After negatively diverging from the the S&amp;P and Nasdaq, breadth surged last week. Let&#8217;s quickly run through a few charts.<\/p>\n\n\n\n<p>The 10, 20 and 50-day MAs of the NYSE AD line are trending up and are at 1-3 month highs.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img src=\"http:\/\/leavittbrothers.com\/pm4\/nyadma071424.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>The cumulative AD line broke out and surged to a new high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img src=\"http:\/\/leavittbrothers.com\/pm4\/nyadcum071424.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>The 10 and 50-day MAs of advancers vs total stocks shot up last week.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img src=\"http:\/\/leavittbrothers.com\/pm4\/advtot071424.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>The 5-day high-low hadn&#8217;t printed above +2000 in nearly four months. Then it printed its highest level of the year.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img src=\"http:\/\/leavittbrothers.com\/pm4\/stocks5dhl071424.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>The 1-month high-low surged.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img src=\"http:\/\/leavittbrothers.com\/pm4\/stocks1mhl071424.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>The 52-week high-low sat below zero most of the last six weeks, meaning more stocks were printing 52-week lows than 52-week highs. Then it shot up<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img src=\"http:\/\/leavittbrothers.com\/pm4\/stocks52whl071424.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>The percentage of Russell 3000 stocks above their 5-day moving averages just shot up to its highest level of the year.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img src=\"http:\/\/leavittbrothers.com\/pm4\/russell5dma071424.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>Stocks above their 20&#8217;s also shot up.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img src=\"http:\/\/leavittbrothers.com\/pm4\/russell20dma071424.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>Stocks above their 50&#8217;s improved from 40% to 68% last week.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img src=\"http:\/\/leavittbrothers.com\/pm4\/russell50dma071424.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>The internals have been weak for two months, but they just shot up. The herd has expanded. Participation has broadened out. The market isn&#8217;t thin any more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After negatively diverging from the the S&amp;P and Nasdaq, breadth surged last week. Let&#8217;s quickly run through a few charts. The 10, 20 and 50-day MAs of the NYSE AD line are trending up and are at 1-3 month highs. The cumulative AD line broke out and surged to a new high. The 10 and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/16559"}],"collection":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16559"}],"version-history":[{"count":1,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/16559\/revisions"}],"predecessor-version":[{"id":16560,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=\/wp\/v2\/posts\/16559\/revisions\/16560"}],"wp:attachment":[{"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.leavittbrothers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}