Market Monitor Trends and Breadth August 14 BMO - Broad Participation Carries Into a Second Day

(All data & visualisations by ChartMill.com)

Daily Market Trend Analysis – August 13, 2025 (After Market Close)

All-time highs keep piling up...

Short Term Trend

SPY (S&P 500 ETF)

• Short-Term Trend: Bullish (from neutral)
• Next Support at $620 - $600
• Next Resistance at /
• Volume: Slightly Below Average (50)
• Pattern: Up day - Gap Up - New All-time High - Doji Candle

QQQ (Nasdaq-100 ETF)

• Short-Term Trend: Bullish (no change)
• Next Support at $550 - $540
• Next Resistance at /
• Volume: At Average (50)
• Pattern: Up day - New All-time High

IWM (Russell 2000 ETF)

• Short-Term Trend: Positive (from neutral)
• Next Support at $225
• Next Resistance at $245
• Volume: Above Average (50)
• Pattern: Strong Follow Through Day - Gap Up

Long Term Trend

SPY (S&P 500 ETF)

• Long-Term Trend: Positive (no change)

QQQ (Nasdaq-100 ETF)

• Long-Term Trend: Positive (no change)

IWM (Russell 2000 ETF)

• Long-Term Trend: Positive (from neutral)

Daily Market Breadth Analysis – August 13, 2025 (After Market Close)

After Tuesday’s powerful upside breadth, Wednesday delivered follow‑through. Participation expanded across most time frames, more stocks reclaimed key moving averages, and new highs widened while new lows stayed muted. Short‑term conditions are getting hot, but the trend tone improved.

What stood out today

• Another strong advancers day: 76.9% of issues advanced vs. 20.8% declining. Heavy upside moves were plentiful (9.3% up ≥4% vs. 2.0% down ≥4%).

• Breadth strengthened under the surface: The share of stocks above their 20/50/100/200‑day SMAs rose to 68.5% / 70.2% / 73.4% / 58.5%, respectively — solid day‑over‑day gains.

• Leadership broadened: New highs rose to 11.8%, while new lows dipped to ~1.1%.

• Time‑frame composites turned firmly green: Advancers over the last week jumped to 75.5%; the last month improved to 66.1%; the last 3 months to ~70.2%.

Versus yesterday (Tue, Aug 12, 2025)

Yesterday’s note highlighted a “breadth thrust” and said we wanted follow‑through plus improvement in % above the 20/50/200‑day MAs and in new highs. Today delivered:

• MA breadth follow‑through: +6.8 pts (20‑dma), +4.6 (50‑dma), +~3.2 (100‑dma), +3.3 (200‑dma).

• More leadership: new highs +~3 pts; new lows –~0.3 pts.

• Time‑frame breadth: advancers over the week +10.7 pts, month +2.9 pts, 3‑month +~3 pts.

• Minor give‑back only in extremes: up‑≥4% dipped from 10.6% to 9.3% — still elevated.

Context across the last 10 sessions

• The sequence shows a sharp flip from a soft Monday (Aug 11: only 40.4% advancing) to two back‑to‑back broadly positive sessions (Aug 12–13).

• Longer‑term participation is improving but not yet runaway: above‑200‑dma at 58.5% is constructive, though typically we’d like to see >60–65% to call it decisively “very positive.”

• New highs at 11.8% confirm broadening strength, but they’re not yet at “frothy” levels, room remains for leadership to expand.

• Short‑term heat: Two strong sessions plus a high share of ≥4% gainers suggest near‑term overbought risk, making digestion or a pause unsurprising even within an improving trend.

Takeaways

Trend tone improved: Participation expanded and breadth strengthened across immediate, weekly, and monthly windows.

Quality of the move is better than one‑day thrust: Follow‑through in MA breadth and new highs supports durability beyond short‑covering.

Watch next: further rise in >% above 200‑dma into the low‑60s and new highs >15–20% would upgrade the regime. Near term, monitor for a cool‑off after two outsized breadth days.

Breadth Trend Rating: 4 — Positive.

(Upgraded from yesterday’s positive‑but‑provisional stance thanks to clear follow‑through and widening participation; not “very positive” yet because 200‑dma breadth and new‑highs are improving but still shy of the strongest regimes.)

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Kristoff - ChartMill

Next to read: Market Monitor News, August 14 BMO