Market Analysis
Breadth, McClellan, market internals, and regime classification — the tools pros use to read the tape.
The Market Report is Treida’s daily briefing room. It combines breadth data, market internals, and AI-generated commentary into a single view — so you know what kind of market you’re trading in before you touch a chart.
Market regime
Every session, Treida classifies the market into one of three states:
- Uptrend — breadth expanding, indices above key MAs, new highs exceeding new lows
- Downtrend — breadth deteriorating, indices below key MAs, distribution days accumulating
- Choppy — no clear direction; low win-rate environment for swing trading
The regime is derived from McClellan indicators, breadth, price action, and historical cycle comparisons. It’s the single most important thing to check before every session.
Breadth metrics
Breadth measures how many stocks are participating in a move — not just what the index is doing. Treida tracks:
- Advance/Decline ratio — daily and cumulative
- New highs vs. new lows — leadership expansion or contraction
- Up volume vs. down volume — conviction behind the move
- % of stocks above 20 / 50 / 200-day MAs — trend participation
Healthy rallies show expanding breadth. Narrow rallies (a few megacaps doing all the work) are a warning sign.
McClellan Oscillator & Summation Index
Professional breadth momentum indicators, calculated across three universes:
- NYSE/NASDAQ composite
- Russell 2000 (IWM)
- Supertrading Universe
The McClellan Oscillator (19-day EMA minus 39-day EMA of advance-decline) flags overbought/oversold extremes. The Summation Index (cumulative oscillator) tracks the longer-term trend of participation.
Treida also calculates the 10-day MA of the Summation Index to smooth signal noise.
Market internals
Macro context in one glance:
- VIX — volatility regime
- 10-Year yield (TNX) — rate environment and trend
- Credit spreads (HYG / SHY) — risk-on vs. risk-off
- Bitcoin — liquidity barometer
Sharp moves in any of these usually front-run shifts in equity leadership.
Cycle & extension analysis
- Cycle count — how many days the market has been in its current trend
- 10-year cycle average — how today’s cycle compares historically
- Z-score — how far from the mean the current move has traveled
- ATR extension from 21/50 DMA — overextended vs. mean reversion risk
When extension hits 2+ ATR from the 21 DMA, expect snapbacks.
Where to find it
Market Report in the left nav of the dashboard. The full report refreshes after the close; intraday data updates every 1–2 minutes during market hours.