Weekly Market Breadth Report — May 29, 2026
This report is AI-generated from Chartlas's market data and breadth analytics. It is not human-written market commentary and does not constitute investment advice.
Market Overview
S&P 500 rallied this week (+1.4%) to 7,580. MSCI World (ACWI) gained +1.6% to 159. Momentum is weak (2/6) while trend is in the mid-range (2/6). Short-term selling pressure within a mixed structural backdrop — below-average forward returns historically. Best performer: Nikkei 225 (+4.7%). Weakest: Hang Seng (-1.7%).
| Metric | This Week | Last Week | 1Y Avg | Z (1Y) |
|---|---|---|---|---|
| Bullish Signal % | 49.1% | 46.9% | 55.5% | -0.9 |
| Bullish Signals | 112,732 | 120,433 | ||
| Bearish Signals | 117,065 | 136,119 |
Slightly more bearish than the 1-year weekly average (z=-0.9).
S&P 500 price with regime signal markers. Green triangles = bullish signals, red triangles = bearish signals.
Key Takeaways
- 🟡 S&P 500: Rallied +1.4% to 7,580, but breadth is not fully confirming. Price is moving up while internals remain mixed.
- 🟢 MSCI World (ACWI): Gained +1.6%, tracking US markets. The rally is global.
- 🟡 Breadth: Momentum is weak (2/6) while trend is in the mid-range (2/6). Short-term selling pressure within a mixed structural backdrop — below-average forward returns. Momentum just weakened — a fresh deterioration in short-term indicators.
- 🔴 Breadth — 52-Week High/Low: At an extreme reading (z=-1.8). Uncommon weakness — could mark a washout or further downside.
- 🟢 ASX 200: A McClellan Zero Cross signal fired this week (bullish).
Stocks with the Most Signals
Large-cap stocks ($10B+) with 5+ signals fired this week.
| Symbol | Name | Sector | Signals | Net | 1W % |
|---|---|---|---|---|---|
| 302132.SZ | AVIC Chengdu Aircraft Company | Technology | 31 | -29 | +0% |
| 688172.SS | Beijing YanDong MicroElectroni | Technology | 30 | +18 | +33% |
| 300502.SZ | Eoptolink Technology Inc., Ltd | Technology | 29 | +23 | +16% |
| 6976.T | Taiyo Yuden Co., Ltd. | Technology | 27 | +25 | +63% |
| 688183.SS | Shengyi Electronics Co., Ltd. | Technology | 27 | +25 | +27% |
| AKZA.AS | Akzo Nobel N.V. | Basic Materials | 27 | +21 | +27% |
| 301526.SZ | Chongqing Polycomp Internation | Consumer Cyclical | 26 | +12 | +14% |
| DHER.DE | Delivery Hero SE | Consumer Cyclical | 26 | +20 | +10% |
Momentum Breadth
Short-term oscillators and price velocity indicators.
| Index | This Week | Last Week | Change | Z (1Y) | Trend |
|---|---|---|---|---|---|
| Advance / Decline | -11,602 | +3,437 | -15,039 | -1.0 | Flipped bearish |
| New 20D High/Low | -7,352 | -11,406 | +4,054 | -1.4 | Improving |
| MACD Breadth | +1,595 | -1,320 | +2,915 | +0.7 | Flipped bullish |
| RSI Extremes | -92 | +472 | -564 | +0.8 | Flipped bearish |
| Bollinger Band | -385 | +3,642 | -4,027 | +0.4 | Flipped bearish |
| Weekly Movers (±10%) | +4,608 | -4,719 | +9,327 | +0.4 | Flipped bullish |
New 20D High/Low weekly net (bars) with S&P 500 price (right axis). 1Y z-score: -1.4.
Trend Breadth
Longer-term structural indicators.
| Index | This Week | Last Week | Change | Z (1Y) | Trend |
|---|---|---|---|---|---|
| 52-Week High/Low | -954 | -1,453 | +499 | -1.8 | Improving |
| Fresh 52W High/Low | -86 | -158 | +72 | -1.5 | Improving |
| 200 DMA Breadth | -3,745 | -4,899 | +1,154 | -1.5 | Improving |
| MA Cross (Golden/Death) | -128 | -141 | +13 | -0.5 | Stable |
| HH/HL Structure | +174 | +292 | -118 | -0.4 | Deteriorating |
| Breakout / Breakdown | +407 | +101 | +306 | -0.8 | Strengthening |
52-Week High/Low weekly net (bars) with S&P 500 price (right axis). 1Y z-score: -1.8.
Pattern Breadth
| Index | This Week | Last Week | Change | Z (1Y) | Trend |
|---|---|---|---|---|---|
| Double Top/Bottom | -427 | -518 | +91 | -1.7 | Improving |
| Failed Pattern | +27 | -33 | +60 | +0.3 | Flipped bullish |
Major ETF Signals
| Ticker | Name | Momentum | Trend | Pattern | Net | Z (1Y) |
|---|---|---|---|---|---|---|
| QQQ | NASDAQ 100 | 7↑ 1↓ | 8↑ | — | +14 | +1.9 |
| IWM | Russell 2000 | 5↑ 2↓ | 8↑ | — | +11 | +1.9 |
| SPY | S&P 500 | 6↑ | 6↑ | — | +12 | +1.7 |
| EEM | Emerging Markets | 3↑ | 6↑ | — | +9 | +1.1 |
| DIA | Dow Jones | 2↑ 3↓ | 2↑ | — | +1 | -0.0 |
| IBIT | Bitcoin | 3↑ 2↓ | 1↑ | — | +2 | +0.4 |
| EWJ | Japan | 3↑ 2↓ | 1↑ | — | +2 | +0.1 |
| HYG | High Yield Corp | 3↑ | 1↑ | — | +4 | +0.8 |
| EFA | EAFE (Dev ex-US) | 1↑ 2↓ | — | — | -1 | -0.6 |
| GLD | Gold | 3↑ | — | — | +3 | +0.2 |
| TLT | 20+ Year Treasury | 1↑ | 1↑ | — | +2 | +0.5 |
| USO | Oil (USO) | 1↓ | — | — | -1 | -0.8 |
IWM weekly net signals (bars) with IWM price (blue line, right axis). 1Y z-score: +1.9.
Sector Breadth (Advance/Decline)
| Sector | Net | % Bullish | Z (1Y) |
|---|---|---|---|
| Utilities | -148 | 46.3% | -0.7 |
| Communication Services | -277 | 45.2% | -0.5 |
| Real Estate | -330 | 45.9% | -0.6 |
| Energy | -526 | 37.2% | -1.7 |
| Consumer Defensive | -536 | 44.2% | -0.8 |
| Financial Services | -865 | 44.1% | -0.9 |
| Consumer Cyclical | -969 | 45.1% | -0.5 |
| Basic Materials | -1,076 | 43.5% | -0.8 |
| Healthcare | -1,247 | 41.8% | -0.8 |
| Technology | -2,072 | 41.7% | -1.0 |
| Industrials | -2,992 | 40.9% | -1.2 |
Energy sector weekly A/D net with S&P 500 price (right axis). 1Y z-score: -1.7.
What to Watch Next Week
- 200 DMA Breadth at -3,745. Improving but still negative.
- Weekly Movers (±10%) leading at +4,608. Watch for continuation vs exhaustion.
- Advance / Decline just flipped — need follow-through to confirm.
Last Week We Said
From our report on May 22:
- 🟡 S&P 500: Flat this week at 7,473 (+0.9%).
- 🟢 MSCI World (ACWI): Gained +1.2%, tracking US markets. The rally is global.
- 🟡 Breadth: Momentum improving while trend deteriorating — a divergence. Short-term bounce within structural weakness. Above-average forward returns historically, but direction is uncertain.
What happened: S&P 500 rallied +1.4% this week. The bullish signals were on track.
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