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Daily Report : Breadth in 3 important indices reach new highs

Jason Goepfert
2025-05-05
Despite the Dow Industrials being in a correction, its Cumulative Advance/Decline Line reached a new high last week. While index losses were smaller, breadth also hit new highs in the S&P 500 and Nasdaq 100. Similar behavior, with the average stock reaching new highs, tended to precede excellent returns over the following year.
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Breadth in 3 important indices reach new highs: Despite the Dow Industrials being in a correction, its Cumulative Advance/Decline Line reached a new high last week. While index losses were smaller, breadth also hit new highs in the S&P 500 and Nasdaq 100. Similar behavior, with the average stock reaching new highs, tended to precede excellent returns over the following year.

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Breadth in 3 important indices reach new highs

By Jason Goepfert

BOTTOM LINE
Despite the Dow Industrials being in a correction, its Cumulative Advance/Decline Line reached a new high last week. While index losses were smaller, breadth also hit new highs in the S&P 500 and Nasdaq 100. Similar behavior, with the average stock reaching new highs, tended to precede excellent returns over the following year.

FORECAST / TIMEFRAME
None

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% Showing Pessimism: 19%
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% Showing Optimism: 26%
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