Walter Deemer: Big Breadth Divergence remains despite buoyant averages

Walter Deemer: Big Breadth Divergence remains despite buoyant averages
Breadth divergence and strong averages

Walter Deemer references the persistent Big Breadth Divergence in the market, while noting that averages remain buoyant.

His observation suggests a disconnect between broad market participation and overall index performance.

Earlier this year, Walter Deemer highlighted that early warning signs for a potential stock market correction would likely come from the credit markets. He also noted that SPY and QQQ would need to rally to specific levels to close gaps and provide a measure of trend strength, referencing recent technical targets. These observations contribute to his ongoing focus on market signals and participation.

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