equities

Breadth Confirms the Damage Into Friday's Session

Published August 21, 20262 min read
Line chart of CBOE Volatility Index (VIX), last 90 days on a dark background

Breadth did what the index headlines could not: it told the truth about this week's bounce. NYSE advancers collapsed to 931 from 1,769 in a single session Thursday, while decliners nearly doubled to 1,821 from 1,002, and that reversal is the reason Friday's session opens on defense rather than looking for a follow-through rally.

Key Takeaways NYSE breadth flipped negative Thursday, with advancers falling to 931 from 1,769 and decliners rising to 1,821 from 1,002, confirming Wednesday's bounce was narrow. New lows jumped to 77 on the NYSE and 135 on the Nasdaq, while the Arms Index read 0.60 on Nasdaq and 0.77 on NYSE, signaling volume was concentrated in the decliners. The VIX climbed to 16.0…

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NYSE Breadth Flips Negative as VIX Rises Into Friday | MarketIntelLabs