MARKET INTERNALS2026-06-05 CLOSE/HINDENBURG OMENIN CLUSTER/MCCLELLAN-122.71/NEW HIGHS153 (2.99%)/NEW LOWS149 (2.91%)/UNIVERSE5,117 ISSUES/SPY$737.55 ▼ 2.58%/TRIGGERS / 30D7/VIX TERM STRUCTURECONTANGO/IVTS0.9858/VIX21.51/SECTOR HEALTHMIXED 55/100/SECTORS ABOVE 50D55%/CREDITNORMAL · HYG/LQD 0.7343/MACROMIXED / NO CLEAN MACRO READ/

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Breadth, risk, and positioning indicators computed every trading day from our own ~5,600-stock US equity database with 16 years of daily history — each with a dated, plain-English reading and its full methodology on the page.

Today's reading2026-06-05 · close
IN CLUSTER

Hindenburg Omen · 7 triggers in 30 trading days · window expires in ~30d

McClellan
-122.7
New highs
153
New lows
149
SPY
$738

Since the prior session: a new trigger fired today; 30-day trigger count 6 → 7; McClellan -5.0 → -122.7 (deteriorating).

Full reading, chart & methodology
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Markets — live internals, updated daily

Market Internals

Is this rally or selloff healthy under the hood?

Hindenburg OmenMarket BreadthsoonBullish Percent IndexsoonMcClellan Oscillatorsoon

Risk & Volatility

How dangerous is the market right now?

Sectors & Rotation

Where is money moving?

Sector HealthSector PerformancesoonMarket Heatmapsoon

Options & Flow

What is positioning saying?

SPY Options OIsoonEquity Options OIsoonUnusual Options ActivitysoonUnusual Volumesoon

Stocks & Events

What's happening in single names?

Earnings CalendarsoonFund Managers (13F)soon
02

Economy — the macro backdrop

FRED-sourced indicators with the same treatment as our market tools: a dated, plain-English reading on every release, plus a calendar of what publishes next.

CPI · M2 money supply · jobless claims · yield curve · PCE · retail sales · housing starts · consumer sentiment · …

Coming soon
03

Studies — what happened next

Historical base rates for every signal our tools track: each time it fired, what the market did over the following weeks — full sample, forward-return tables, honest caveats.

After a Hindenburg cluster · after VIX backwardation ends · after 90% down days · after breadth washouts · …

Coming soon
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