Throughout the bull market and especially since early 2018 when volatility in the market started to pick up, one factor consistently working in the market’s favor has been breadth, specifically the S&P 500’s cumulative A/D line. Each time the S&P 500 has made a new high, breadth has confirmed the move, and in each of the rallies coming out of corrections, breadth has consistently lead price. With the S&P 500 making another new closing high yesterday, in our latest B.I.G. Tips report we looked at current breadth levels for not only the S&P 500 but also each of the major sectors.
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