The Breadth Indicator has turned yellow.
The “Matt’s Breadth Indicator” has turned green. For me, that means it’s time to look at long-term investments again.
Indicator has turned red, which shouldn’t come as a surprise.
Last week did not turn the indicator to yellow, but today’s big drop definitely did. Yellow means a) maintain the status quo if you’re just trading SPY, or b) don’t initiate new individual stock trades if adhering to my recent testing. Or just enjoy the fireworks.
My breadth indicator has turned green. I for one will use this as a signal to enter into long-term investments. You can use it for whatever you’d like.