Technical Assessment: Bullish in the Intermediate-Term

Argus

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Dec 05, 2025

Summary

There are a fig of marketplace breadth indicators that are adjacent to "officially" completing bullish breadth thrusts. Initial setups for breadth thrusts are overmuch much emblematic aft large pullbacks oregon corrections, not with prices adjacent all-time highs. We usage the connection "official" arsenic immoderate indicators, specified arsenic the Zweig Breadth Thrust (ZBT), look a spot arbitrary based connected their requirements. The ZBT is named for its founder, the celebrated banal capitalist Martin Zweig (1942-2013). As it was designed, ZBT signals the commencement of a bull market. But successful this case, we are already successful a bull market. The ZBT triggers erstwhile the 10-day exponential moving mean of NYSE advancing issues divided by advancers positive decliners goes from beneath 0.40 to implicit 0.615 wrong 10 trading days. According to Zweig, the conception of thrust is based connected the rule that the abrupt alteration of wealth successful concern markets elevates stocks and signals accrued liquidity. The ZBT and astir different breadth thrust indicators amusement erstwhile breadth goes from poor, to precise good, to large -- each successful a condensed play of time. One could besides telephone this a "character change" successful the market. On November 20, ZBT fell to 0.38 and past roseate to a precocious of 0.58 connected November