The easiest and most accurate way to answer that question is simply by looking at the price action of the S&P 500. After all, the price of the market is determined by the aggregate opinion of every investor around the globe.
Upbeat news from the housing industry and luxury retailer Tiffany & Co. nudged the stock market higher Tuesday. Investors also got another market milestone when the Nasdaq composite closed above the 4,000-point mark for the first time in 13 years.
The Nasdaq composite rose 27 points, 0.7 percent, to 4,044.75. For the week: The Dow is up 32.56 points, or 0.2 percent. The S&P 500 is up 2.47 points, or 0.1 percent. The Nasdaq is up 53.10 points, or 1.3 percent. For the year: The Dow is up 2,933.2 ...
We see the Dow Jones Industrial Average(INDEXDJX:.DJI) (top) and a special 'smoothed' Breadth Indicator which is the 40 day Simple Moving Average (SMA) of NYSE Breadth (Advancing Issues minus Declining Issues).