Market Breadth Heatmap — stocks.clawmo.tech

US Market Breadth

Comparing internal strength of QQQ (Nasdaq-100) and SPY (S&P 500), tracking momentum across all sectors.

MA Period:

Range:

Market Breadth Trends

Tracking internal strength of QQQ (Nasdaq-100) and SPY (S&P 500) over time

QQQ Breadth Indicator

% of Nasdaq-100 stocks above their moving average. Below 30% = oversold (few stocks holding up, potential bounce). Above 70% = overbought (most stocks extended, pullback risk). The 50% line is the key threshold — above it means the majority of tech stocks are healthy.

SPY Breadth Indicator

% of S&P 500 stocks above their moving average. Same zones as QQQ. Because SPY has 500 stocks across all sectors, its breadth is more stable — a drop below 30% here is a stronger warning signal than in QQQ.

QQQ vs SPY Breadth Comparison

Side-by-side comparison. When both are high (>50%), the rally is broad. When QQQ is much lower than SPY, tech is lagging. When both drop below 30%, the market is broadly weak. A big gap between them signals sector rotation.

Smoothing:

Market Momentum Monitor (Stockbee)

Tracking momentum thrust extremes across ~6,400 US common stocks. Extremely positive/negative readings signal reversals.

Data source: Stockbee Market Monitor

T2108 < 20% — Oversold extreme, historically marks bottoms — bullish signal
T2108 > 80% — Overbought, abnormal strength resolves with pullback or consolidation
5D/10D Ratio > 2.0 — Strong bullish momentum, favorable for swing longs
5D/10D Ratio < 0.5 — Bearish extreme, watch for reversal/bottom
Down 4% > 500 in a day — Panic selling, historically marks bottoms
Up 25% in Quarter < 300 — Extreme bearishness, historically a BUY signal
Up 50%+ in Month > 30 — Euphoria, expect pullback
13%+ in 34 Days — Rising up count = broadening momentum; rising down count = deterioration
Best signal — Stocks up 25% in Quarter is the primary indicator per Stockbee creator

Color Thresholds by Column

Primary Breadth Indicators

Up 4%	≥ 300 strong thrust	≥ 200 solid	≥ 100 moderate
Dn 4%	≥ 500 panic selling	≥ 300 heavy	≥ 200 elevated
5D / 10D Ratio	≥ 2.0 strong bull	≥ 1.5 bullish	≥ 1.0 neutral	≥ 0.5 weak	< 0.5 bearish
Up 25% Qtr	≥ 1200 strong bull	≥ 800 healthy	< 500 weak	< 300 BUY signal
Dn 25% Qtr	≥ 1500 extreme	≥ 1000 heavy	≥ 500 elevated

Secondary Breadth Indicators

Up 25% Mo	≥ 200 strong	≥ 100 healthy
Dn 25% Mo	≥ 300 extreme	≥ 200 heavy	≥ 100 elevated
Up 50% Mo	≥ 30 euphoria	≥ 15 elevated
Dn 50% Mo	≥ 30 panic	≥ 15 elevated
Up 13% 34d	≥ 1500 broad rally	≥ 1000 healthy
Dn 13% 34d	≥ 2000 extreme	≥ 1500 heavy

Reference (T2108 — contrarian)

T2108

≤ 20 oversold — buy signal

≥ 70 overbought

≥ 80 extreme — caution

Industry Performance (Finviz)

Source: finviz.com/groups

All 144 industries ranked by performance. Click column headers to sort. Color intensity reflects magnitude — greener = stronger gains, redder = deeper losses.

Column Guide

SPY — S&P 500 ETF daily % change QQQ — Nasdaq-100 ETF daily % change S&P500 — % of all S&P 500 stocks above MA NDX — % of Nasdaq-100 stocks above MA Info Tech — Information Technology Financials — Financials Health — Health Care Cons Disc — Consumer Discretionary Comm Svc — Communication Services Industrials — Industrials Cons Stpl — Consumer Staples Energy — Energy Utilities — Utilities Real Est — Real Estate Materials — Materials

Sector columns show % of stocks in that GICS sector trading above the selected moving average.

How to Read This Dashboard

Market Regime (Bull / Neutral / Risk-Off)

A composite assessment of overall market health. Bull (score 65-100): broad participation, most sectors healthy — favorable for long positions. Neutral (40-64): mixed signals, selective positioning recommended. Risk-Off (0-39): weak breadth across the board — defensive posture, raise cash, tighten stops.

Breadth Score (0-100)

Composite index combining: S&P 500 breadth on 50-day MA (40% weight), structural breadth on 200-day MA (30%), sector participation — how many of 11 sectors are above 50% (20%), and equal-weight vs cap-weight spread direction (10%). Higher = healthier market internals.

EW-CW Spread (Equal-Weight vs Cap-Weight)

Measures whether the rally is broad or narrow. Today: daily average return of all 500 stocks minus SPY return. 20d sum: cumulative over 20 trading days. Negative 20d sum = rally driven by a few mega-caps (e.g. Magnificent 7 "fake bull market"). Positive = broad-based participation across all stocks.

S&P 500 / Nasdaq-100 Breadth

Percentage of stocks trading above the selected moving average. For example, "23% above 50-day MA" means only 23 out of 100 stocks are above their 50-day average — a sign of weak short-term momentum. Watch for readings below 30% (oversold) or above 70% (overbought).

Sectors Above 50%

How many of the 11 GICS sectors have more than half their stocks above the MA. When only 2-3 sectors are above 50%, the market is narrow and fragile. When 8+ sectors are above 50%, the rally has broad support.

Chart Visual Zones (colored background bands)

Each breadth chart has 4 colored zones to help you instantly see whether conditions are normal or abnormal:

Red zone (0-30%) — Oversold / Abnormal: Very few stocks are above their moving average. The market is extremely weak. Historically this is where bottoms form — it can be a contrarian buy signal, but don't catch a falling knife without confirmation.

Yellow zone (30-50%) — Weak / Caution: Less than half of stocks are healthy. The market is below average — either deteriorating or recovering. Be selective with positions.

Green zone (50-70%) — Healthy / Normal: The majority of stocks are participating in the rally. This is where you want to see breadth for a sustainable uptrend. Good environment for long positions.

Orange zone (70-100%) — Overbought: Most stocks are extended above their moving average. While this means strong momentum, it also means a pullback or consolidation is likely. Not a sell signal by itself, but tighten stops.

Dashed line at 50% — The benchmark / majority threshold. Above it = more stocks healthy than not. Below it = more stocks struggling than thriving.

EW-CW Spread Zones

The Equal-Weight minus Cap-Weight spread tells you if the rally is real or fake:

HEALTHY (20d sum > +2%): The average stock is outperforming the index — broad-based rally with strong participation across all sizes.

NORMAL (20d sum 0% to +2%): Typical market conditions, no significant divergence between large and small stocks.

CAUTION (20d sum 0% to -2%): Large-caps are slightly outperforming — the rally is starting to narrow. Watch for further deterioration.

ABNORMAL (20d sum below -2%): A handful of mega-cap stocks (e.g. Magnificent 7) are dragging the index up while most stocks are flat or falling. This is a "fake bull market" — the index looks healthy but internals are weak. Historically fragile and prone to sharp reversals.

Breadth Divergence (when shown)

Bearish divergence: SPY price is rising over 20 days but breadth is falling — the index is being held up by fewer and fewer stocks. Historically a warning sign of a coming pullback. Bullish divergence: SPY falling but breadth improving — stocks are quietly recovering under the surface, potential bottoming signal.