As shown below, 73% of S&P 500 companies begin the day above their 50-day moving averages, and six of eleven sectors have readings stronger than 73%.  This is a sign of healthy underlying breadth for the market.

As shown in the snapshot of our Trend Analyzer tool below (available to Bespoke Premium and Bespoke Institutional members), every sector is now back above its 50-day moving average.  This is a sign that the market is back to getting broad participation — something that wasn’t the case a few weeks ago when it was only Tech and Consumer Discretionary driving the gains.

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