Market Monitor Trends and Breadth August 15 BMO - Breadth cools after two strong sessions

(All data & visualisations by ChartMill.com)

Daily Market Trend Analysis – August 14, 2025 (After Market Close)

SPY & QQQ taking a break, IWM retesting the earlier breakout level

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

QQQ (Nasdaq-100 ETF)

• Short-Term Trend: Bullish (no change)
• Next Support at $550 - $540
• Next Resistance at /
• Volume: At Average (50)
• Pattern: Down Day

IWM (Russell 2000 ETF)

• Short-Term Trend: Positive (from neutral)
• Next Support at $225
• Next Resistance at $245
• Volume: Well Above Average (50)
• Pattern: Down Day - Doji Candle

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 14, 2025 (After Market Close)

After back‑to‑back broad advances on Aug 12–13, breadth flipped red on Aug 14 as 71% of issues declined. Despite the single‑day setback, the weekly and monthly composites remain firmly positive and more than half of stocks still sit above their key moving averages. Net‑net: a pause inside an improving intermediate trend.

What changed today (Aug 14, 2025)

• Down day: Advancers 26.8% vs decliners 70.5%. The share of +4% movers fell to 2.5% (from 9.3% yesterday), while −4% movers ticked up to 3.2%.

• Momentum cooled: New highs compressed to 3.7% from 11.8%; new lows stayed muted at 0.8%, signaling limited downside extremes.

• Trend positioning still constructive: Above SMA20 64.1%, SMA50 67.0%, SMA100 71.5%, SMA200 56.9%. One red day dented, but did not break, the up‑trend participation.

Context vs. the prior days

Follow‑through then fade

Aug 12–13 showed broad strength (79.5% and 76.9% advancers) with strong +4% participation (10.6%, 9.3%). Aug 14 reversed that strength, consistent with post‑rally digestion rather than a rush to new lows (new lows remain <1%).

Internals on a higher plateau

Even after today’s pullback, the weekly composite sits at 70.2% adv / 28.6% decl, the monthly at 60.3% / 39.3%, and the 3‑month at 68.5% / 30.8%. The share of names up >25% in 3 months holds near 15%, a healthy sign for intermediate momentum.

Takeaways

• Short‑term: Today’s negative breadth signals cooling momentum and a likely pause/profit‑taking day after two strong sessions.

• Intermediate‑term: With >56% above the 200‑day and positives across the weekly/monthly composites, the underlying trend remains intact.

• Risk markers: Watch whether new lows stay suppressed and if SMA20+ participation holds >60%. A quick rebound in +4% advancers would confirm the dip was transitory.

Breadth Trend Rating: 4 — positive.

Rationale: One-day setback, but weekly/monthly breadth and moving‑average participation continue to favor the bulls.

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Kristoff - ChartMill

Next to read: Market Monitor News, August 15 BMO