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Daily Report : Divergences among indices have been brewing for weeks

Jason Goepfert
2025-03-05
Stocks have pulled back in recent weeks, which is in keeping with trouble signs with the S&P 500's last 52-week high. At the time, it was disguising many divergences across the market, such as in the advance/decline line, small cap stocks, and other Dow indices. Similar extended divergences tended to precede months of weak action.
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Headlines

Divergences among indices have been brewing for weeks: Stocks have pulled back in recent weeks, which is in keeping with trouble signs with the S&P 500's last 52-week high. At the time, it was disguising many divergences across the market, such as in the advance/decline line, small cap stocks, and other Dow indices. Similar extended divergences tended to precede months of weak action.

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Divergences among indices have been brewing for weeks

By Jason Goepfert

BOTTOM LINE
Stocks have pulled back in recent weeks, which is in keeping with trouble signs with the S&P 500's last 52-week high. At the time, it was disguising many divergences across the market, such as in the advance/decline line, small cap stocks, and other Dow indices. Similar extended divergences tended to precede months of weak action.

FORECAST / TIMEFRAME
None

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% Showing Pessimism: 23%
Bullish for Stocks
VIX
VIX Term Structure
Inverse ETF Volume
NYSE Up Issues Ratio
NYSE Up Volume Ratio
NYSE High/Low Ratio
Short-term Optimism Index (Optix)
S&P 500 Down Pressure
AIM (Advisor and Investor Model)
OEX Put/Call Ratio
AAII Bull Ratio
Mutual Fund Flow (no ETFs)
CSFB Fear Barometer
% Showing Optimism: 21%
Bearish for Stocks
ISE Equity Call/Put Ratio
Rydex Bearish Flow
Rydex Ratio
Rydex Money Market %
SKEW Index
Retail Money Market Ratio
AAII Allocation - Stocks
Insider Buy/Sell Seasonally Adj
NAAIM Exposure Index
NYSE Available Cash
Equity / Money Market Asset Ratio
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