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![neilksethi Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::2252413050.png) Neil Sethi [@neilksethi](/creator/twitter/neilksethi) on x 12.4K followers
Created: 2025-07-24 19:59:00 UTC

BBG: Craig Johnson at Piper Sandler says that, from a technical point of view, he doesn't see "frothiness" when looking “down-cap” from the heavy-weights in the S&P XXX and Nasdaq indices.

“We believe that this bull market is broadening out in terms of participation,” he said.

He points to the NYSE advance-decline line, a popular indicator that tracks the number of securities rising minus the number falling on the exchange each day, which is hitting fresh highs.

![](https://pbs.twimg.com/media/GwpYxPOWMAA4r1k.png)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948473007363576296/c:line.svg)

**Related Topics**
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[nasdaq](/topic/nasdaq)
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[$pipr](/topic/$pipr)
[$spy](/topic/$spy)

[Post Link](https://x.com/neilksethi/status/1948473007363576296)