$SPY is less than 1% from ATHs and $QQQ is less than 3% from ATHs but below the surface it looks much different. NYSE high/low index sits at 16%, the lowest reading since April 2025 21% of publicly traded stocks (NYSE and Nasdaq) are within 10% of their 52 week low. The average S&P 500 stock is -19.5% below their 52 week high The average tech stock in the S&P 500 is -22% below their all time high S&P 500: only 38% of stocks are above their 50d Nasdaq 100: only 45% of stocks are above their 50d Russell 1000: only 33% of stocks are above their 50d Russell 2000: only 28% of stocks are above their 50d Russell 3000: only 30% of stocks are above their 50d Only the Nasdaq has more than 50% of it's stocks above their 200d moving average
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