Market breadth (NH - NL) is now positive

I don’t use market timing signals myself, but some of you may be interested to know that market breadth as measured by New Highs minus New Lows has improved markedly over the past 2 weeks. In fact, the NH-NL signal using the 10-day moving average is now positive for the Nasdaq, S&P 500, Russell 1000 and DJIA.

The NH-NL chart below is for the Nasdaq. The BCC signal also now shows that NH-NL is positive, and that BCC is no longer zero. This signal changes the fastest, and produced a lot of whipsaws during the decade-long bull market that ended in 2021, so caveat emptor.