Breadth Signals an Early Warning (Update from Jan 11, 2024)

I want to give a quick update on the breadth signals from my Jan 11 Premium post. While the markets broadly are overbought, they can remain so as long as:

• the 10 yr yield stays under 4.5%

• NVDA and the Magnificent 7 stay in flight above their 50 day moving averages

• Breadth continued to expand in favor of New Highs

• And no black swans appear

Below are updated charts on one of my most important big picture signals for premium subscribers: