Beneath the index.
A daily view of how broadly S&P 500 stocks participate, measured against their 20-session moving average. Every sector has an equal voice.
Primary market state
Breadth Score
403.30/ 1100
Equivalent to 36.66% Sector Balanced Breadth.
Weak
Broad participation is weak across the S&P 500.
Market-state scale
Sector Balanced Breadth on a 0–1100 scale: 60% becomes 660 points. The same measure, expressed as a score.
How is the score calculated?
Find the share of eligible stocks above their 20-session moving average in each sector, then add the 11 sector percentages to get the Breadth Score. Every sector has equal weight. Divide the score by 11 to get Breadth Percent, also called Sector Balanced Breadth.
Participation over time
Historical breadth
Track the Breadth Score and market participation over time.
Breadth Score is the sum of all 11 sector breadth percentages, on a scale from 0 to 1,100.
Below 220: Extreme Weakness · 220–<440: Weak · 440–<660: Neutral · 660–<880: Strong · 880 and above: Extreme Strength. Descriptive regimes, not trading signals.
Breadth Score historical rank
403.30 / 1100 · Weak
- Breadth 1M percentile
- 4.35 / 100
- Breadth 6M percentile
- 13.28 / 100
- Breadth 1Y percentile
- 11.90 / 100
Percentile is the share of observations strictly below the latest reading; ties are not counted, and the latest session is included. A percentile is a historical rank, not a breadth percentage.
Sector history
One sector at a time, across the same selected range.
Across the index
Sector participation
Communication Services
45.83%
Neutral
11 of 24 eligible securities above SMA20
Consumer Discretionary
21.28%
Weak
10 of 47 eligible securities above SMA20
Consumer Staples
32.35%
Weak
11 of 34 eligible securities above SMA20
Energy
76.19%
Strong
16 of 21 eligible securities above SMA20
Financials
52.63%
Neutral
40 of 76 eligible securities above SMA20
Health Care
52.54%
Neutral
31 of 59 eligible securities above SMA20
Industrials
9.64%
Extreme Weakness
8 of 83 eligible securities above SMA20
Materials
28.00%
Weak
7 of 25 eligible securities above SMA20
Real Estate
13.33%
Extreme Weakness
4 of 30 eligible securities above SMA20
Information Technology
42.47%
Neutral
31 of 73 eligible securities above SMA20
Utilities
29.03%
Weak
9 of 31 eligible securities above SMA20