As of January 17, 2025, the S&P 500 Index ($SPX) is experiencing a positive trend in market breadth, with 82% of its stocks advancing. This follows a week where 74.9% of stocks closed higher on January 16, with 377 stocks gaining. The market breadth has shown improvement, with more than 58% of S&P 500 stocks now trading above their 200-day moving average, up from less than half last week. Analysts note that while headline indexes are down due to the performance of the Magnificent Seven stocks, there is a rotation into small and mid-cap stocks as interest rates have stabilized. The SPY ETF is also showing bullish signals, with 406 stocks up, indicating an 80% upside day so far. Overall, all sectors of the SPX are in the green, reflecting a broader positive sentiment in the market.