Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

The full post is available to view by members only. For immediate access:

58.33% (+2.37% 1wk)

Status: Neutral Environment

The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) increased by +2.37% this week.

Therefore, the overall combined average is at 58.33% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.

The combined average made steady progress higher this week above its 20 day MA by +2.89%, but remains slightly below its 50 day MA (signal line) by -1.39%, and so remains on a Neutral Environment status with a Neutral+ (50% to 59.99%) field position, and so could still easily go either way, as it's only a small range between the moving averages, but with the recent higher low, the short-term trend is tilting slightly towards the positive, and would regain Positive Environment status with a strong move above to 50 day MA and key 60% level.

The Point and Figure (P&F) chart (shown above) was again unchanged this week, remaining in Xs, and so the P&F strategy remains on Offense (as it is in a column of Xs), and the P&F status continues to be on Bear Correction status in the upper-middle range.

But again, per last week. From its current position, a close above 60% would make a double top breakout, and change to Bull Confirmed, and a close below 52 would change it to Bear Confirmed. So it remains in a very neutral spot currently, with the field position still leaning slightly on positive side at the moment.

See the Bullish Percent article for more information on the P&F statuses.

Become a Stage Analysis Member: 

To see more like this and other premium content, such as the regular US Stocks watchlist, detailed videos and intraday posts, become a Stage Analysis member.

Join Today

Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.