Chart o’ the Day: BAML on Breadth

Anytime you’re at or challenging new highs, you want to be aware of market breadth – how many stocks are participating in the rise versus how many are not. In hindsight, the great tell of the market peaks of 2000 and 2007 was undoubtedly the narrowing of leadership up until the point that only a handful of stocks were still carrying the banner.

Bank of America Merrill Lynch’s Stephen Suttmeier looks at the market’s advance/decline line for both the NYSE and the S&P. In addition, he checks out the A/D line for the 15 most active stocks:

Market breadth based on the stocks only
advance-decline lines is bullish.

The advance-decline line of the 15 most
active issues by share volume remains
bullish and unlike the S&P 500 has yet to
break the uptrend from November 2012.

market breadth



Bank of America Merrill Lynch 

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. fake watches commented on Dec 29

    … [Trackback]

    […] Find More on that Topic: […]

  2. kids swimming commented on Dec 31

    … [Trackback]

    […] Here you will find 97674 more Information on that Topic: […]

  3. replica watch commented on Jan 01

    … [Trackback]

    […] Find More here on that Topic: […]