Weekly Market Breadth Report — August 28, 2026

Generated automatically from Chartlas market data; methodology at /docs/methodology. Not investment advice.

Market Overview

S&P 500 was roughly flat this week (+0.5%) to 7,712. MSCI World (ACWI) was flat at +0.2% to 161. Momentum (4/6) and trend (5/6) breadth are both positive — constructive backdrop across timeframes. Best performer: DAX 40 (+1.7%). Weakest: Hang Seng (-1.6%).

Signal balance is near its 1-year norm — nothing unusual this week.

S&P 500 with regime episode markers — one marker per episode, matching the /regime monitor. Green = washouts / 90% up-volume days, red = global Hindenburg episodes / 90% down-volume days.

Key Takeaways

• 🟡 S&P 500: Flat this week at 7,712 (+0.5%).
• 🟡 Breadth: Momentum is mid-range (4/6) while trend is strong (5/6). The structural move may already be priced in — slightly below-average forward returns historically, though not significant.
• 🟢 MSCI World fired a bullish stochastic cross on Wednesday (chart, Aug 26, index at 4,972) — slow %K turned up through %D from the oversold zone. Since 2015, the five sessions after this cross have averaged +0.7% against +0.2% for a typical five-session stretch, finishing positive 68% of the time (n=103). A modest historical tilt, not a forecast.
• 🟡 The regime board is quiet. No washout (70% above the 200-DMA), no capitulation days, last global Hindenburg episode Jun 1, 2026. Quiet is information too.

Stocks with the Most Signals

Large-cap stocks ($10B+) with 5+ signals fired this week.

Regime Monitor

The three breadth conditions that carried a measured forward edge in our backtest, tracked as episodes. Full detail at chartlas.com/regime.

How we read it: nothing on the board argues for either aggression or defense right now — the washout gauge sits at 70%, mid-zone. The overbought line at 80% is the nearer boundary if the current move extends. 3 global Hindenburg episodes inside twelve months is above the long-run cadence of roughly two — the split-market condition (heavy new highs and new lows together) keeps recurring, and the month after an episode has averaged about three points below a typical month in our history. The most recent (Jun 1, 2026) is stale; a fresh one would move this from footnote to headline. No 90% volume days this week (last down-day episode: Dec 31, 2025).

Where the Signals Are — Industry Scan

The week's cumulative signal net per industry (Investable universe), scored against that industry's own year of weekly readings. Click any name to open it in the Explorer.

Bars: the week's cumulative signal-net vs the group's own year of weeks. Labels: the same group's 1-week price move.

Signal leaders:

Signal laggards: no industry cleared the ±1.8σ bar this week.

The read. The strongest surge has trend-family confirmation: China Capital Markets - Other logged 355 bullish signals this week, 226 of them trend-type (breakouts, structure, moving-average confirmations) against 127 oversold-type. That is a rally the engine is confirming, not bottom-fishing.

Rotation & Divergences

Structural flags from the CHRT tree this week.

9 divergence flags tripped this week (6 hidden-base, 3 thin-rally), but no cross-regional cluster — no sector set off the same flag in two or more regions, which is the coincidence we treat as signal.

Leadership changes worth noting (which industry drives its group's signal activity): - Western Europe Oil & Gas — Western Europe Oil & Gas Equipment & Services took the lead from Western Europe Oil & Gas E&P (08-24). - Western Europe Construction & Engineering — Western Europe Engineering & Construction took the lead from Western Europe Farm & Heavy Construction Machinery (08-25). - China Internet & Media — China Entertainment took the lead from China Broadcasting (08-25).

Sharpest single-day surprises: Asia ex-JP/CN Marine Shipping printed a -56 net signal day on 08-26 (-2.7σ); China Capital Markets - Other printed a +137 net signal day on 08-26 (+2.6σ) — worth a look if you own the space.

Geography Scan

The week's cumulative signal net per region vs that region's own year of weekly readings, alongside the week's price move.

Bars: the week's cumulative signal-net vs each region's own year of weeks. Diamonds: 1-week price move.

The read: United States is the weak tail of the board at -0.5σ.

Momentum Breadth

New 20D High/Low weekly net (bars) with S&P 500 price (right axis). 1Y z-score: +0.6.

Trend Breadth

200 DMA Breadth weekly net (bars) with S&P 500 price (right axis). 1Y z-score: -1.2.

Pattern Breadth

Major ETF Signals

Nothing on the ETF board is stretched beyond two standard deviations of its own one-year norm this week.

GLD weekly net signals (bars) with GLD price (blue line, right axis). 1Y z-score: -1.6.

Sector Breadth (Advance/Decline)

No sector's advance/decline week stands out against its own year — rotation, not conviction.

Utilities sector weekly A/D net with S&P 500 price (right axis). 1Y z-score: +0.8.

What to Watch Next Week

1. MACD Breadth at +191 — nearest to a sign flip. Watch which side it picks.
2. The confirmed rallies (China groups, +5% to +5% price weeks): whether trend-family confirmation persists, or the moves digest.

Last Week We Said

From our report of Aug 21, 2026:

• 🟡 S&P 500: Fell -1.4% to 7,674. Momentum is weakening but the underlying trend structure remains intact — likely a pullback, not a breakdown.
• 🟡 Breadth: Trend breadth just flipped to strong (5/6). Structurally constructive, but markets that have already completed the turn have delivered roughly flat 4-week returns vs a +1.1% baseline in our backtest.
• 🔴 The weak side is one theme too — United States. 5 of the bottom 8 industry readings are United States groups.

Last week's report leaned cautious (0 green, 5 amber, 1 red). What happened: the S&P moved +0.5%. Mixed week, mixed call — no point claimed either way. The tally continues next week.

Generated by Chartlas — equity screening & signal alerts for discretionary investors. Forward-return references are averages from our 2015–2026 backtest on ~31,000 securities; they are tendencies, not predictions. Full methodology on the Regime and Breadth pages. Not investment advice.

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