Weekly Market Breadth Report — July 10, 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 (+1.2%) to 7,575. MSCI World (ACWI) gained +1.0% to 158. Momentum is weak (0/6) 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: Hang Seng (+3.5%). Weakest: DAX 40 (-2.8%).
| Metric | This Week | Last Week | 1Y Avg | Z (1Y) |
|---|---|---|---|---|
| Bullish Signal % | 45.3% | 60.5% | 54.2% | -1.2 |
| Bullish Signals | 102,346 | 145,081 | ||
| Bearish Signals | 123,588 | 94,545 |
This week's net balance skews bearish relative to the 1-year norm (z=-1.2).
S&P 500 price with regime signal markers. Green triangles = bullish signals, red triangles = bearish signals.
Key Takeaways
- 🟡 S&P 500: Rallied +1.2% to 7,575, but breadth is not fully confirming. Price is moving up while internals remain mixed.
- 🟡 Breadth: Momentum is weak (0/6) 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 — 200 DMA Breadth: At an extreme reading (z=-1.9). Uncommon weakness — could mark a washout or further downside.
- 🟡 S&P 500: A High/Low Divergence fired — the advance-decline line hit a 60-day high but new highs failed to keep pace. Hidden weakness under the surface despite the positive headline. Fired on 2 sessions this week.
Stocks with the Most Signals
Large-cap stocks ($10B+) with 5+ signals fired this week.
| Symbol | Name | Sector | Signals | Net | 1W % |
|---|---|---|---|---|---|
| U11.SI | United Overseas Bank Limited | Financial Services | 26 | +24 | +10% |
| SLF | SUN LIFE FINANCIAL INC | — | 25 | +5 | +0% |
| CXSE3.SA | Caixa Seguridade Participações | Financial Services | 23 | +21 | +7% |
| 000938.SZ | Unisplendour Corporation Limit | Technology | 23 | +19 | +27% |
| O39.SI | Oversea-Chinese Banking Corpor | Financial Services | 23 | +21 | +8% |
| D05.SI | DBS Group Holdings Ltd | Financial Services | 23 | +21 | +6% |
| ADANIENSOL.NS | Adani Energy Solutions Limited | Utilities | 22 | +14 | +5% |
| HEDEF.IS | Hedef Holding A.S | Financial Services | 22 | +16 | +20% |
Momentum Breadth
Short-term oscillators and price velocity indicators.
| Index | This Week | Last Week | Change | Z (1Y) | Trend |
|---|---|---|---|---|---|
| Advance / Decline | -9,902 | +15,505 | -25,407 | -0.7 | Flipped bearish |
| New 20D High/Low | -2,201 | +2,637 | -4,838 | -0.4 | Flipped bearish |
| MACD Breadth | -1,124 | +3,636 | -4,760 | -0.5 | Flipped bearish |
| RSI Extremes | -560 | +2,464 | -3,024 | +0.2 | Flipped bearish |
| Bollinger Band | -2,278 | +617 | -2,895 | -0.5 | Flipped bearish |
| Weekly Movers (±10%) | -2,430 | +2,056 | -4,486 | -1.2 | Flipped bearish |
Weekly Movers (±10%) weekly net (bars) with S&P 500 price (right axis). 1Y z-score: -1.2.
Trend Breadth
Longer-term structural indicators.
| Index | This Week | Last Week | Change | Z (1Y) | Trend |
|---|---|---|---|---|---|
| 52-Week High/Low | -883 | -279 | -604 | -1.2 | Weakening |
| Fresh 52W High/Low | -315 | +123 | -438 | -1.6 | Flipped bearish |
| 200 DMA Breadth | -15,928 | -16,022 | +94 | -1.9 | Stable |
| MA Cross (Golden/Death) | -199 | -257 | +58 | -0.8 | Improving |
| HH/HL Structure | +16 | +69 | -53 | -0.6 | Deteriorating |
| Breakout / Breakdown | +505 | +766 | -261 | -0.5 | Deteriorating |
200 DMA Breadth weekly net (bars) with S&P 500 price (right axis). 1Y z-score: -1.9.
Pattern Breadth
| Index | This Week | Last Week | Change | Z (1Y) | Trend |
|---|---|---|---|---|---|
| Double Top/Bottom | -101 | +82 | -183 | -0.5 | Flipped bearish |
| Failed Pattern | +59 | +334 | -275 | +0.5 | Deteriorating |
Major ETF Signals
| Ticker | Name | Momentum | Trend | Pattern | Net | Z (1Y) |
|---|---|---|---|---|---|---|
| DIA | Dow Jones | 2↑ 5↓ | 4↑ | — | +1 | -0.1 |
| EFA | EAFE (Dev ex-US) | 3↑ 2↓ | 1↑ 1↓ | — | +1 | -0.1 |
| EEM | Emerging Markets | 4↑ | 1↑ 1↓ | — | +4 | +0.2 |
| QQQ | NASDAQ 100 | 2↑ | 2↑ 1↓ | — | +3 | +0.0 |
| USO | Oil (USO) | 4↑ | 1↑ | — | +5 | +0.9 |
| TLT | 20+ Year Treasury | 1↑ 2↓ | — | — | -1 | -0.4 |
| IWM | Russell 2000 | 1↓ | 1↑ 1↓ | — | -1 | -0.6 |
| HYG | High Yield Corp | 1↑ | 1↑ 1↓ | — | +1 | +0.1 |
| IBIT | Bitcoin | — | 2↑ | — | +2 | +0.4 |
| EWJ | Japan | — | 1↑ 1↓ | — | +0 | -0.4 |
| SPY | S&P 500 | 1↑ 1↓ | — | — | +0 | -0.7 |
USO weekly net signals (bars) with USO price (blue line, right axis). 1Y z-score: +0.9.
Sector Breadth (Advance/Decline)
| Sector | Net | % Bullish | Z (1Y) |
|---|---|---|---|
| Energy | +245 | 54.9% | +0.7 |
| Communication Services | -36 | 49.5% | +0.2 |
| Utilities | -126 | 47.3% | -0.5 |
| Consumer Defensive | -222 | 48.0% | -0.1 |
| Real Estate | -291 | 47.0% | -0.5 |
| Financial Services | -341 | 48.2% | -0.4 |
| Healthcare | -1,008 | 44.4% | -0.6 |
| Consumer Cyclical | -1,247 | 44.5% | -0.7 |
| Technology | -1,252 | 45.3% | -0.4 |
| Basic Materials | -1,910 | 39.9% | -1.3 |
| Industrials | -3,053 | 41.8% | -1.1 |
Basic Materials sector weekly A/D net with S&P 500 price (right axis). 1Y z-score: -1.3.
What to Watch Next Week
- 200 DMA Breadth at -15,928. Improving but still negative.
- Advance / Decline just flipped — need follow-through to confirm.
Last Week We Said
From our report on July 03:
- 🟡 S&P 500: Rallied +1.8% to 7,483, but breadth is not fully confirming. Price is moving up while internals remain mixed.
- 🟢 MSCI World (ACWI): Gained +1.2%, tracking US markets. The rally is global.
- 🟢 Breadth: Momentum is strong (6/6) with trend in the mid-range (3/6). Broad short-term participation while the structural picture is still mixed — near-baseline forward returns historically. Need trend confirmation for a sustained move. Momentum improved from last week. Trend is recovering.
What happened: S&P 500 rallied +1.2% this week. The bullish signals were on track.
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