One number. One chart. One insight moving markets today.
Uptrends Still Outnumber Downtrends 🟩
By Grant Hawkridge
November 11, 2025
Today's number is... 153
The count of S&P 500 stocks in full uptrends sits at 153, while 120 are in full downtrends.
Here’s the chart:
Let's break down what the chart shows:
The upper panel displays the S&P 500 price in black.
The lower panel has two lines: a green line for stocks with a 4-for-4 trend score and a red line for those with a 0-for-4 score.
The 4-for-4 score means a stock meets all four conditions: the 50-day average is rising, the 200-day average is rising, price is above the 50-day, and the 50-day is above the 200-day.
The 0-for-4 score means a stock fails all four of those conditions.
The Takeaway: Trend breadth turned positive on May 28, 2025, when the green line crossed above the red line.
Since that shift, the S&P 500 index has gained more than 16%.
Today, 153 stocks, or about 30% of the index, remain in full uptrends. Another 120, or 24%, are in full downtrends.
Green still leads, and that’s what matters most.
The spread has narrowed a little, but participation remains solid. Breadth isn’t really expanding yet, but it’s trying to turn higher and still support the rally.
If green starts climbing again, it would confirm a new leg higher with broader participation. But if the red line crosses back above green, it would signal the first real test of this trend since May.
Until then, the trend remains healthy, and breadth continues to support the rally.
The question is, does it have one more push left in it?
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