Weekly Market Breadth Report — June 05, 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 fell this week (-2.6%) to 7,384. MSCI World (ACWI) lost -2.6% to 154. Momentum is weak (2/6) while trend is in the mid-range (3/6). Short-term selling pressure within a mixed structural backdrop — below-average forward returns historically. Best performer: CAC 40 (+0.4%). Weakest: NASDAQ Composite (-4.7%).
| Metric | This Week | Last Week | 1Y Avg | Z (1Y) |
|---|---|---|---|---|
| Bullish Signal % | 42.5% | 49.2% | 54.8% | -2.0 |
| Bullish Signals | 107,265 | 113,911 | ||
| Bearish Signals | 144,849 | 117,552 |
Net bullish balance of -37,584 puts this week in the bottom ~5% of all weeks over the past year (z=-2.0).
S&P 500 price with regime signal markers. Green triangles = bullish signals, red triangles = bearish signals.
Key Takeaways
- 🔴 S&P 500: Fell -2.6% to 7,384. Breadth confirms the weakness.
- 🔴 MSCI World (ACWI): Lost -2.6% — selling pressure is global.
- 🟡 Breadth: Momentum is weak (2/6) while trend is in the mid-range (3/6). Short-term selling pressure within a mixed structural backdrop — below-average forward returns. Second consecutive week of weak momentum.
- 🔴 Breadth — 52-Week High/Low: At an extreme reading (z=-2.6). Uncommon weakness — could mark a washout or further downside.
- 🟢 S&P 500: McClellan Oscillator crossed above zero — breadth momentum shifted from negative to positive.
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 | 47 | -47 | +0% |
| 600487.SS | Hengtong Optic-Electric Co., L | Technology | 30 | +26 | +25% |
| 600188.SS | Yankuang Energy Group Company | Energy | 28 | +18 | +15% |
| 2382.TW | Quanta Computer Inc. | Technology | 27 | +19 | +15% |
| 3231.TW | Wistron Corporation | Technology | 27 | +17 | +8% |
| 2883.TW | KGI Financial Holding Co., Ltd | Financial Services | 26 | +24 | +23% |
| 002484.SZ | Nantong Jianghai Capacitor Co. | Industrials | 26 | +18 | +16% |
| 000636.SZ | Guangdong Fenghua Advanced Tec | Technology | 26 | +20 | +12% |
Momentum Breadth
Short-term oscillators and price velocity indicators.
| Index | This Week | Last Week | Change | Z (1Y) | Trend |
|---|---|---|---|---|---|
| Advance / Decline | -14,327 | -11,602 | -2,725 | -1.2 | Weakening |
| New 20D High/Low | -12,055 | -7,352 | -4,703 | -1.9 | Weakening |
| MACD Breadth | -979 | +1,595 | -2,574 | -0.3 | Flipped bearish |
| RSI Extremes | +483 | -92 | +575 | +1.2 | Flipped bullish |
| Bollinger Band | +877 | -385 | +1,262 | +0.9 | Flipped bullish |
| Weekly Movers (±10%) | -3,320 | +4,608 | -7,928 | -1.7 | Flipped bearish |
New 20D High/Low weekly net (bars) with S&P 500 price (right axis). 1Y z-score: -1.9.
Trend Breadth
Longer-term structural indicators.
| Index | This Week | Last Week | Change | Z (1Y) | Trend |
|---|---|---|---|---|---|
| 52-Week High/Low | -3,020 | -954 | -2,066 | -2.6 | Weakening |
| Fresh 52W High/Low | -463 | -86 | -377 | -2.3 | Weakening |
| 200 DMA Breadth | -11,145 | -3,745 | -7,400 | -2.0 | Weakening |
| MA Cross (Golden/Death) | +26 | -128 | +154 | -0.0 | Flipped bullish |
| HH/HL Structure | +18 | +174 | -156 | -0.7 | Deteriorating |
| Breakout / Breakdown | +270 | +407 | -137 | -1.0 | Deteriorating |
52-Week High/Low weekly net (bars) with S&P 500 price (right axis). 1Y z-score: -2.6.
Pattern Breadth
| Index | This Week | Last Week | Change | Z (1Y) | Trend |
|---|---|---|---|---|---|
| Double Top/Bottom | -549 | -427 | -122 | -2.0 | Weakening |
| Failed Pattern | -35 | +27 | -62 | +0.0 | Flipped bearish |
Major ETF Signals
| Ticker | Name | Momentum | Trend | Pattern | Net | Z (1Y) |
|---|---|---|---|---|---|---|
| DIA | Dow Jones | 6↑ 9↓ | 9↑ | — | +6 | +1.2 |
| IBIT | Bitcoin | 13↓ | 5↓ | — | -18 | -3.2 |
| QQQ | NASDAQ 100 | 4↑ 6↓ | 6↑ 1↓ | — | +3 | -0.1 |
| EEM | Emerging Markets | 4↑ 6↓ | 5↑ 2↓ | — | +1 | -0.4 |
| SPY | S&P 500 | 4↑ 5↓ | 4↑ 2↓ | — | +1 | -0.6 |
| IWM | Russell 2000 | 2↑ 6↓ | 2↑ 1↓ | — | -3 | -1.1 |
| EWJ | Japan | 2↑ 5↓ | 1↓ | — | -4 | -1.4 |
| EFA | EAFE (Dev ex-US) | 6↓ | 1↓ | — | -7 | -1.8 |
| HYG | High Yield Corp | 4↓ | 1↑ 2↓ | — | -5 | -1.4 |
| USO | Oil (USO) | 3↑ | 1↑ 1↓ | — | +3 | +1.1 |
| GLD | Gold | 2↑ 2↓ | — | — | +0 | -0.4 |
| TLT | 20+ Year Treasury | 3↓ | — | — | -3 | -1.1 |
IBIT weekly net signals (bars) with IBIT price (blue line, right axis). 1Y z-score: -3.2.
Sector Breadth (Advance/Decline)
| Sector | Net | % Bullish | Z (1Y) |
|---|---|---|---|
| Energy | -72 | 48.5% | -0.3 |
| Financial Services | -181 | 49.0% | -0.3 |
| Utilities | -316 | 42.9% | -1.3 |
| Real Estate | -596 | 43.7% | -1.0 |
| Communication Services | -782 | 37.8% | -1.8 |
| Consumer Defensive | -963 | 40.8% | -1.5 |
| Consumer Cyclical | -1,632 | 42.7% | -1.0 |
| Basic Materials | -1,844 | 40.1% | -1.4 |
| Healthcare | -1,867 | 39.2% | -1.3 |
| Industrials | -2,575 | 42.9% | -1.0 |
| Technology | -2,806 | 39.4% | -1.3 |
Communication Services sector weekly A/D net with S&P 500 price (right axis). 1Y z-score: -1.8.
What to Watch Next Week
- 200 DMA Breadth at -11,145. Continuing to weaken.
- Bollinger Band leading at +877. Watch for continuation vs exhaustion.
- MACD Breadth just flipped — need follow-through to confirm.
Last Week We Said
From our report on May 29:
- 🟡 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.
What happened: S&P 500 fell -2.6% this week. The cautionary signals proved prescient.
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