Weekly Market Breadth Report — October 30, 2026

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

Market Overview

S&P 500 was roughly flat this week (-0.6%) to 7,580. MSCI World (ACWI) lost -0.5% to 156. Momentum is mid-range (3/6) while trend structure is weak (1/6). The trend has been broken but momentum has not collapsed — the strongest setup in our backtest: +3.4% average over the following 4 weeks vs +1.1% baseline. Best performer: DAX 40 (+2.5%). Weakest: NASDAQ Composite (-2.0%).

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 7,580 (-0.6%).
• 🟢 Breadth: Momentum is mid-range (3/6) while trend structure is weak (1/6). The trend has been broken but momentum has not collapsed — the strongest setup in our backtest: +3.4% average over the following 4 weeks vs +1.1% baseline (p<0.01). Trend is starting to recover from its lows.
• 🟢 MSCI World fired a bullish stochastic cross on Monday (chart, Oct 26, index at 4,901) — 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 (60% 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 60%, 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:

The read. The strongest surge has trend-family confirmation: United States Shell Companies logged 213 bullish signals this week, 181 of them trend-type (breakouts, structure, moving-average confirmations) against 32 oversold-type. That is a rally the engine is confirming, not bottom-fishing.

On the bear side the composition inverts: of Japan Information Technology Services's 252 bearish fires this week, 129 were trend-family breakdowns. Downtrend intact — another week, more groups.

Rotation & Divergences

Structural flags from the CHRT tree this week.

2 divergence flags tripped this week (1 hidden-base, 1 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): - Middle East & Africa Financial Services — Middle East & Africa Banks took the lead from Middle East & Africa Capital Markets (10-26). - Middle East & Africa Industrials — Middle East & Africa Conglomerates took the lead from Middle East & Africa Transportation (10-27).

Sharpest single-day surprises: Latin America Utilities printed a -131 net signal day on 10-26 (-4.8σ); Middle East & Africa Transportation printed a +41 net signal day on 10-26 (+4.5σ) — 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: Middle East & Africa: signal accumulation (+1.1σ) ahead of a flat tape (+0.5%) — participation building before price. Latin America is red on both counts: -22.2% with a -2.7σ signal week.

Momentum Breadth

RSI Extremes weekly net (bars) with S&P 500 price (right axis). 1Y z-score: +1.7.

Trend Breadth

200 DMA Breadth weekly net (bars) with S&P 500 price (right axis). 1Y z-score: -2.1.

Pattern Breadth

Major ETF Signals

ETF board quiet again — 10 weeks running inside 2σ.

USO weekly net signals (bars) with USO price (blue line, right axis). 1Y z-score: -1.4.

Sector Breadth (Advance/Decline)

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

Technology sector weekly A/D net with S&P 500 price (right axis). 1Y z-score: -1.3.

What to Watch Next Week

1. Does trend confirm? Momentum flipped (MACD Breadth); the rally graduates from bounce to trend only if 200 DMA Breadth or 52-Week High/Low turns positive.
2. Breakout / Breakdown at +91 — the closest breadth index to a sign flip. The side it lands on next week is information.
3. The confirmed rallies (United States groups, -1% to -1% price weeks): whether trend-family confirmation persists, or the moves digest.

Last Week We Said

From our report of Oct 23, 2026:

• 🟡 S&P 500: Flat this week at 7,624 (-0.5%).
• 🔴 Breadth: Both momentum (2/6) and trend (0/6) are weak. Broad weakness across timeframes — slightly above-average forward returns from mean-reversion.
• 🟢 MSCI World fired a bullish stochastic cross on Tuesday (chart, Oct 20, index at 4,922) — slow %K turned up through %D from the oversold zone. Since 2015, the five sessions after this cross have averaged

Last week's report leaned cautious (1 green, 2 amber, 2 red). What happened: the S&P fell -0.6%. Score it a hit. 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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