Chart of the Day - Wednesday, April 23, 2025

🏆  Today's Chart of the Day was shared by Subu Trade (@SubuTrade). 
 

• With stocks continuing to rebound, the clock has started on a potential Zweig Breadth Thrust. This bullish signal has not officially triggered yet, but the window is open for two more days. 
   
• Created by market legend, Marty Zweig, this rare bullish signal occurs when the 10-day moving average of advancing stocks on the NYSE surges from below 40% to above 61.5% within 10 days. 
   
• Like any indicator, the Zweig Breadth Thrust isn't perfect, but its track record speaks for itself. According to data from @SubuTrade, the S&P 500 has always been higher six months later, gaining an average of +16%. 
   

The Takeaway: The Zweig Breadth Thrust hasn’t triggered yet, but with two days left in the window, this rare signal would be a bullish tailwind for stocks in the months ahead.