Stocks Poised for Breakout: Market Internals Signal End to Tight Range

• Despite significant global events, stock markets have remained in an ultra-tight trading range for months, defying expectations.
• Key market internal indicators like Nasdaq TICK and NYSE TICK show institutional selling pressure is drying up, with higher lows despite index lower lows.
• The put-to-call ratio indicates fearful option hedgers are buying fewer puts, suggesting reduced bearish sentiment.
• Advance/decline lines are making higher lows, signaling broad selling pressure is diminishing across a wide spectrum of stocks.
• A potential Zweig Breadth Thrust trigger, historically leading to higher markets 90% of the time, could confirm a market low and sustained buying power.