Weekly Market Breadth Report — November 13, 2026

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

Market Overview

S&P 500 rallied this week (+2.5%) to 7,562. MSCI World (ACWI) gained +2.4% to 156. Momentum is strong (6/6) while trend structure is weak (1/6). A vigorous bounce within a broken trend — modestly above-average forward returns historically, especially the following week. Best performer: Nikkei 225 (+6.5%). Weakest: Hang Seng (-3.4%).

Slightly more bullish than the 1-year weekly average (z=+0.7).

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: Rallied +2.5% to 7,562, but breadth is not fully confirming. Price is moving up while internals remain mixed.
• 🟢 MSCI World (ACWI): Gained +2.4%, tracking US markets. The rally is global.
• 🟢 MSCI World fired a bullish stochastic cross on Monday (chart, Nov 9, index at 4,846) — 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 week's bullish theme is Japan. 5 of the top 8 industry surges are Japan groups with +3% to +12% price weeks.
• 🟡 The regime board is quiet. No washout (65% 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 65%, 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 leaders are one theme — Japan (electronics & computer distribution, telecom services, software - infrastructure, information technology services) — and their bullish fires are dominated by the trend family: United States Shell Companies logged 232 bullish signals this week, 210 of them trend-type (breakouts, structure, moving-average confirmations) against 22 oversold-type. That is a rally the engine is confirming, not bottom-fishing.

On the bear side the composition inverts: of United States REIT - Mortgage's 208 bearish fires this week, 202 were trend-family breakdowns. Downtrend intact — another week, more groups.

Rotation & Divergences

Structural flags from the CHRT tree this week.

7 divergence flags tripped this week (7 hidden-base), 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 Industrials — Middle East & Africa Conglomerates took the lead from Middle East & Africa Business Services (11-09). - United States IT Hardware — United States Electronic Components took the lead from United States Computer Hardware (11-09). - United States Industrials — United States Industrial Equipment took the lead from United States Aerospace & Defense (11-09).

Sharpest single-day surprises: Asia ex-JP/CN Airlines printed a +43 net signal day on 11-10 (+2.7σ); United States Shell Companies printed a +37 net signal day on 11-09 (+2.5σ) — 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: Japan (+4.8%, +1.5σ) and Asia ex-JP/CN (+5.7%, +1.0σ) lead on both counts — price strength and participation agreeing at scale. Middle East & Africa: signal accumulation (+1.0σ) ahead of a flat tape (+1.2%) — participation building before price. United States is the weak tail of the board at -0.0σ.

Momentum Breadth

RSI Extremes weekly net (bars) with S&P 500 price (right axis). 1Y z-score: +1.6.

Trend Breadth

200 DMA Breadth weekly net (bars) with S&P 500 price (right axis). 1Y z-score: -1.9.

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)

Every sector inside its own one-year norm — rotation, no leadership.

Energy sector weekly A/D net with S&P 500 price (right axis). 1Y z-score: +1.4.

What to Watch Next Week

1. Does trend confirm? Momentum flipped (Advance / Decline); the rally graduates from bounce to trend only if 200 DMA Breadth or 52-Week High/Low turns positive.
2. Double Top/Bottom at -10 sits a nudge from zero.
3. The confirmed rallies (Asia ex-JP/CN and United States groups, +0% to +26% price weeks): whether trend-family confirmation persists, or the moves digest.

Last Week We Said

From our report of Nov 6, 2026:

• 🔴 S&P 500: Fell -2.7% to 7,377. Breadth confirms the weakness.
• 🔴 MSCI World (ACWI): Lost -2.4% — selling pressure is global.
• 🟢 MSCI World fired a bullish stochastic cross on Wednesday (chart, Nov 4, 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 (2 green, 0 amber, 4 red). What happened: the S&P rose +2.5%. Score it a miss. The cautious lean was wrong for the week. 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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