NYSEARCA:SPY - NYSE Arca - US78462F1030 - ETF - Currency: USD
Bulls still have the ball, but they’re no longer sprinting. They’re looking over their shoulder.
While fewer stocks participated in gains today, most remain above key moving averages, and longer-term momentum is holding.
The President revealed that although he could not get Iran to do a nuclear deal, Israeli strikes give them a stronger incentive to come to the table.
A Benzinga reader poll shows high confidence that the SPDR S&P 500 ETF Trust will hit new all-time highs again in 2025. But by how much?
Israeli National Security Adviser Tzachi Hanegbi said Friday that while the strikes can’t eliminate Iran’s nuclear program completely, they could create an opening for broader diplomacy.
Wholesale data showed milder inflationary pressures while Trump renewed his threat to impose "take it or leave it" tariffs on trading partners.
The market breadth on June 10, 2025, points to a strengthening bullish undercurrent, especially after the volatility of early June. Breadth metrics now show consistency across daily, weekly, and medium-term indicators.
Breadth metrics for June 9 confirm that last week’s sharp selloff on June 5 was likely a short-lived pullback rather than the start of a new bearish phase.
The June 6 session confirms that breadth is not only improving but now supporting the index-level gains we’ve seen in the major averages.
SPY, QQQ both showing a distribution day after yesterday's session (down on above-average volume near the high).
Breadth readings remain firm for now, this appears to be a healthy pause, not a reversal.
Both the QQQ and the SPY broke out above their main resistance levels today.
Overall, the market is showing signs of stabilization, with improving short-term breadth and constructive intermediate-term signals.
Mentions: QQQ
The indices continue to quote close to their next resistance. While headline indices may show only minor daily fluctuations, the underlying breadth data paints a more fragile picture.
The data from May 29, 2025, confirms that market breadth has rebounded significantly, with strong participation and improving technical metrics across shorter moving averages.
The breadth indicators signal a fragile and reactive market environment, prone to sharp swings and lacking sustained leadership. Bullish momentum may struggle to gain lasting traction.
The May 27 surge in breadth confirms the bullish price action observed across major indices on that day, reinforcing the move’s credibility.
The latest data show a market that is weakening internally, with fewer stocks supporting any upside and an increasing tilt toward broad-based selling.