Short-term breadth tracks how many S&P 500 stocks maintain medium-term momentum above their 50-day moving average.
Formula: Count of S&P 500 constituents with Close > 50D MA divided by 500
| Indicator Parameter | Value / Specification |
|---|---|
| Indicator Name | S&P 500 > 50D MA Market Breadth |
| Ticker Symbol | %S5TW |
| Normal Baseline Range | 30.0% - 80.0% |
| Unit of Measure | Percentage (%) |
| Authoritative Source | Barchart / MarketWatch |
Readings <20% indicate deeply oversold conditions; >80% indicates near-term overbought state.
Source: Barchart / MarketWatch (https://www.barchart.com)
Oversold bounces occur when %S5TW turns up from below 25%.
Dipped to 12% during October 2023 pullback before sharp mean reversion.
Short-term breadth tracks how many S&P 500 stocks maintain medium-term momentum above their 50-day moving average.
Readings <20% indicate deeply oversold conditions; >80% indicates near-term overbought state.
Oversold bounces occur when %S5TW turns up from below 25%.
Dipped to 12% during October 2023 pullback before sharp mean reversion.
It measures short-to-medium term stock market momentum across the S&P 500 constituents.