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

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56.13% (-1.93% 1wk)

Status: Positive Environment

The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) decreased by -1.93% this week.

Therefore, the overall combined average is at 56.13% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.

The combined average continued to pullback this week, with a 20 day MA test on Tuesday, but rebounded again as the week progressed, finishing at +1.50% above its short-term 20 day MA and +6.42% above its 50 day MA (signal line). So the status continues on a Positive Environment (as it's above both moving averages) to start the new week.

The Point and Figure (P&F) chart (shown above) had a 3 box reversal to a column of Os. So the P&F strategy changes to Defense (as it is in a column of Os), and P&F Bull Correction status in the upper-middle of the field.

To regain Bull Confirmed status from the current level, it would need to close back above the 60% level. But it remains in a healthy overall field position.

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

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