Today's number is... 37

The S&P 500 printed another all-time high yesterday, the 37th one this year.

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Today's number is... 1

1-month highs are expanding across large caps, mid caps, and small caps.

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Today's number is... 59.7%

59.7% of S&P 500 stocks are positive this year. Most stocks are green, but participation still has room to grow.

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Today's number is... 4.5

Micro caps just ripped to new all-time highs from a 4.5-year basing pattern, the kind of move you only see when risk appetite kicks in.

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Today's number is... 142.4

My custom Risk-On / Risk-Off ratio closed Friday at 142.4, its highest level of 2025.

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Today's number is... 17

The Fear or Strength Model has been turned off for the past 17 trading days, but buyers have now finally pushed it back into positive mode.

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Today's number is... 1%

The S&P 500 has posted 27 down days of –1% or more this year and 26 up days of +1% or more.

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Today's number is... 12

It is the 12th month, and history shows December leans positive more often than not.

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Today's number is... 90.1%

Short-term participation exploded on Friday, with 90.1% of S&P 500 stocks finishing above their 10-day moving average, our first 10-day breadth thrust since May.

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Today's number is... 5

The 5-day moving average window just lit up across the market. Every major index now sits near the top of its short-term breadth curve after a sharp reset.

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Today's number is... 159

The MSCI All Country World Index has gone 159 days without a 5% pullback. That is the 3rd-longest stretch since 2008.

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Today's number is... 18.2%

Only 18.2% of S&P 500 sectors sit above their 50-day moving average, the weakest reading since April.

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Today's number is... 56

The ETF Canary In The Coal Mine Composite has slipped to 56, which puts it in the Watch the Air Zone after three months in the All Clear Zone.

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Today's number is... -1.6

My Core Leadership Model, the composite that blends short, intermediate, and long-term breadth, has slipped back under zero and is moving toward the weak leadership zone.

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Today's number is... 2

My two custom risk indexes are both hitting key levels today. One sits on support. The other sits under resistance.

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Today marks one year of The Daily Number.

When I started this note, I had one goal. Share one piece of market truth each day. No noise. No drama. Just data. Something useful traders could read in under two minutes and walk away sharper.

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Today's number is... 5.8

The High–Low Logic Index just hit 5.8, its highest reading of 2025.

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Today's number is... 2

Two key market models are both green right now. One tracks the tape. One tracks credit pressure.

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Today's number is... 16

The Dow Jones Industrial Average has now hit 16 all-time highs in 2025. That’s already above the 125-year average of 12.

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Today's number is... 153

The count of S&P 500 stocks in full uptrends sits at 153, while 120 are in full downtrends.

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Today's number is... 25

For the first time in 25 weeks, more stocks made new lows than new highs across the NYSE and NASDAQ.

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Today's number is... 28

The S&P 500 finished higher on October 28th, even as breadth logged its weakest reading on a green close since 2006.

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Today's number is... 24

Year to date, the S&P 500 has logged 24 up days of at least 1% and 23 down days of at least -1%.

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Today's number is... 12.4

The Magnificent Seven have outperformed the S&P 500 excluding those same seven stocks, by 12.4 points this year.

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