1
Narrowing participation bearish
79 high
BetaBreadthRatio-QualityDivergence 4/4 confirm · 11 alerts
- Ratio-Quality100 Internet Participation rising mainly because XLK fell sharply — a mechanically misleading improvement.
- Ratio-Quality100 Nasdaq Ex-Top-30 Breadth falling on QNXT weakness — QNXT dropping faster than QTOP, a high-quality warning.
- Ratio-Quality100 Semiconductor Leadership falling on SMH weakness — SMH dropping faster than XLK, a high-quality warning.
- Ratio-Quality100 Mid-Cap Breadth falling on MDY weakness — MDY dropping faster than SPY, a high-quality warning.
- Ratio-Quality100 Small-Cap Breadth falling on IWM weakness — IWM dropping faster than SPY, a high-quality warning.
- Breadth73 Participation is contracting across multiple breadth proxies — the market may be shifting from broad advance to narrow leadership or distribution.
- Divergence59 SPY has risen over 63 days while IWM/SPY has not confirmed (+7.4% gap) — Large-cap strength is not confirmed by small-cap participation.
- Divergence53 SPY has risen over 63 days while MDY/SPY has not confirmed (+8.8% gap) — Mid-caps are not confirming large-cap strength.
- Beta50 IGV/XLK: decoupling
- Beta44 QTOP/QQQ: decoupling
- Divergence42 SPY has risen over 63 days while XMAG/SPY has not confirmed (+5.1% gap) — The index is rising without the 493 stocks outside the Mag-7.