US Market Breadth Shifts to Bullish
US market breadth indicators have turned Bullish, with the Altra Market score hitting 72.1 and over 70% of stocks above key EMAs.
- Sector MARKET , which ranks for Relative Strength (Altra Sector score of N/A with N/A regime.)
The US stock market is showing a significant shift in its underlying momentum, with AltraOne's market-wide analysis indicating a clear move to a "Bullish" regime. The overall Altra Market score, which measures the percentage of stocks above key Exponential Moving Averages (EMAs) and assesses market texture, has reached 72.1. This signals that market breadth is healthy and that momentum-driven trading opportunities are becoming more viable. The Altra Score itself is a 0-100 momentum score per stock, derived from EMA alignment and RSI trend across daily, weekly, and monthly timeframes, where higher scores indicate stronger bullish momentum. Applied market-wide, the Altra Market score offers a broad overview of the overall market's health and participation.
A Deeper Look at Market Breadth
A closer examination of the underlying breadth indicators paints a robust picture. Currently, 71.37% of stocks are trading above their 20-day EMA, 71.17% above their 50-day EMA, and a notable 72.37% above their 200-day EMA. These Exponential Moving Averages are commonly used technical indicators that show the average price of a stock or market over a specific period, with price trading above them often indicating an uptrend. Such widespread participation across different timeframes suggests broad-based strength rather than reliance on just a few large-cap names. This is further supported by the daily advances-to-declines ratio, which saw 359 stocks advancing against only 144 declines. The Altra Market score has also seen a significant upward trend, gaining 17.2 points over the past 15 days, reinforcing the improving sentiment and underlying strength.
Sector Dynamics and Leadership
Looking at the sector-level data, which includes the Altra Sector score and relative-strength rankings, we see a nuanced yet encouraging distribution. The Altra Sector score applies the same momentum scoring logic at the sector level and ranks it against other sectors in the same market, providing insight into which areas are leading or lagging. Out of the 11 major sectors, three are currently classified as "bullish," three as "neutral," and five remain "bearish."
The top performers indicate where leadership is concentrated. Energy maintains its #1 rank and is a "Confirmed leader" that is "accelerating," signaling strong, entrenched momentum. Industrials has made a significant leap, rising three spots to #2, also categorized as a "Confirmed leader" and "accelerating," suggesting growing strength in this segment. Health Care, Financials, and Real Estate round out the top five, all "Not yet confirmed" leaders but "gaining relative strength," indicating improving momentum that bears watching. Technology, another "Confirmed leader" and "accelerating" sector, sits at #6.
On the other hand, some sectors continue to lag. Consumer Staples (ranked #9) is "Lagging" with "momentum weakening further," while Communication Services (#10) and Consumer Discretionary (#11) are also "Lagging," though Consumer Discretionary is "starting to turn up." These divergent performances underscore the importance of selective analysis even within a broadly improving market. The current setup suggests that while the overall market texture is healthy, discerning traders and investors will find clearer opportunities by focusing on sectors showing confirmed or accelerating momentum.
What is the Altra Market score? The Altra Market score measures overall market breadth — the proportion of stocks in an index trading above key moving averages. A score above 60 signals broad market participation and a healthy momentum environment. Below 40 signals broad weakness. It is updated daily after market close.
Track these scores daily on AltraOne — momentum analytics for NSE, S&P 500, and TSX, updated every trading day after market close.
Altra Score is a momentum indicator reflecting EMA alignment and RSI trend across daily, weekly, and monthly timeframes. It is not investment advice. Past momentum does not guarantee future performance. Please consult a SEBI-registered advisor before making investment decisions.