Today's number is... -406

The S&P 500 slipped just 0.4%, but net decliners totaled –406.

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Today's number is... 2

There are two sides to this tape — cyclicals climbing, defensives drowning.

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Today's number is... 13

13 of the 19 key risk ratios now favor the Risk-On asset, up from just nine last month.

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Today's number is... 8

My canaries in a coal mine just sang loud and clear: all eight of my key risk areas of the market are now trading above their 200-day moving averages. 

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Today's number is... 52

There have been 52 consecutive trading days the S&P 500 has closed above its 20-day moving average — just shy of the 53-day streak seen in early 2024 — and one of the most persistent...

Today's number is... 0.72

The composite Z-score of three major sentiment surveys—AAII Bulls, Investors Intelligence Bulls, and the NAAIM Exposure Index—just hit 0.72. That’s the highest reading of 2025 and marks...

Today's number is... 2

That’s how many green lights are flashing in this two-factor trend model built on two of the market’s oldest rules: don’t fight the tape, and don’t fight the Fed.

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Today's number is... 60

The NYSE Advance/Decline Diffusion Index crossed above 60 and has held for the past two weeks — this is the first overbought reading since October 2024.

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Today's number is... 157.93

That’s the new all-time high for my custom Equal-Weight Bellwether Stock Index.

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Today's number is... 38

38 is how many Golden Crosses — where the 50-day moving average crosses above the 200-day — have triggered in the S&P 500 since 1950. 

The most recent signal was just...

Today's number is... 6

We’re 6 months into 2025, and the S&P 500 just closed at an all-time high… up 5.49% YTD.

But under the surface, it’s a very different story.

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Today's number is... 4

That’s how many times the S&P 500 has closed at an all-time high in 2025, with the 4th one coming on Friday.

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Today's number is... 6

These are the 6 risk indicators I track for confirmation or divergence of the move in the S&P 500 — and right now, four are confirming the rally while two remain neutral, as the index...

Today's number is... 8

That’s a new 8-month high for my custom Risk-On Index — and it just broke above a key trendline.

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Today's number is... 86

It took just 86 trading days for the Nasdaq 100 to shake off its latest 23% slide and punch out a new all-time high yesterday.

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Today's number is... 416

There have been 416 consecutive trading days the 50-day average has been above the 200-day average in the High Momentum vs. Low Momentum ratio.

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Today's number is... 26

June 26 ranks as the fifth-worst trading day of the year for the S&P 500 since 1950. And this year, it lands on this coming Thursday.

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Today's number is... 13.44%

13.44% is the annualized return of the S&P GSCI Commodity Index when the 10-day moving average of its 40-day percent change is above the 120-day 

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Today's number is... 25

It’s taken 25 years for the Russell 1000 vs. Russell 2000 ratio to return to its 2000 peak.

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Today's number is... 4

There are 4 S&P 500 sectors that now have their 50-day moving average above their 200-day moving average.

The latest? Communication Services.

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Today's number is... 3

My Core Market Model has climbed to 3 — its highest reading since November 2024.

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Today's number is... 437 

We’ve already seen 437 days where the S&P 500 moved ±1% in the 2020s — and the decade’s only halfway done.

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Today's number is... 11

All 11 sectors of the S&P 500 are now trading above their 50-day moving averages — something we haven’t seen since October 14th, 2024.

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Today's number is... 83

We’ve now seen 83 consecutive trading days where the 3-month rolling fund flow for the Russell 2000 (IWM) has been negative — a stretch small caps haven’t experienced since mid-2019.