Absolute Breadth Index Update

Over the last 7 weeks, since the initial Pfizer news on November 9th that sent the market gapping higher and Small Caps cyclicals and value outperforming, the S&P and Dow have more or less been range-bound. The Dow is less than 1% above the 11/9 high, that’s over 7 weeks. The S&P is about +1.5%…