How to read the market's internals
In-depth guides to reading the market under the hood — market breadth, volatility & risk, and sector rotation — each a framework plus the live tools, studies and essays that go with it.
- …you want to know whether a rally is real or just a few mega-caps → Market Breadth.
- …you're trying to tell a tradeable scare from a regime change → Volatility & Risk.
- …you want to see where money is moving beneath a flat index → Sector & Global Rotation.
The Market Breadth Guide: How to Read the Market’s Internals
Price tells you where the index closed; breadth tells you how many stocks came along. This guide is a framework for reading the market’s internals — from the raw advance/decline line up through the named signals (Hindenburg Omen, Zweig Breadth Thrust, 90% days, Coppock) — and the order to read them in, with every tool and study linked and today’s breadth state live at the top.
The Volatility & Risk Guide: VIX, Credit & Cross-Asset Stress
Risk shows up in more than one place, and rarely in all of them at once. This guide lays out how to read the volatility and credit complex together — the VIX level and its term structure, credit spreads, options positioning, and the cross-asset macro backdrop — which gauge leads at a turn, and how to tell a tradeable scare from a regime change. Today’s volatility regime is live at the top.
The Sector & Global Rotation Guide: Where the Money Is Moving
A flat index can hide a violent rotation underneath. This guide is a framework for reading where money is actually moving — first across the eleven US sectors, then extending to single-country markets and crypto — using participation (health), relative strength, and the leadership map together, so you can tell a healthy rotation from a narrowing, top-heavy one. Today’s sector-health read is live at the top.
Each guide is a framework plus the live data behind it. Go deeper in the tools (33 daily-updated market internals), the Signals section (S&P base-rate studies since 1993), the Economy dashboard (63 macro indicators), and the Insights essays. Everything is free, updated daily, with methodology on every page.