With the market pushing higher we are looking for breadth to expand to confirm the market advance and we are beginning to see that with small cap stocks waking up. Another tool we use to monitor the breadth is a simple chart of stocks making new 52-week highs minus stocks making new 52-week lows. The chart below shows Nasdaq New Highs vs. New Lows. Note that the lines are going in the right direction, with 52-week highs (blue line) putting in higher lows and poised to breakout above the prior swing highs. The 52-week lows line (red line) is setting lower highs and poised to breakdown beneath the summer lows.