Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
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60.68% (-0.08% 1wk)
Status: Positive Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) decreased by -0.08% this week.
Therefore, the overall combined average is at 60.68% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The combined average consolidated all week, closing only slightly down, but still above the strong 60% level. It is +5.40% above the short-term 20 day MA and +5.57% above its 50 day MA (signal line). Therefore, the status remains on a Positive Environment status to start the new week.
The Point and Figure (P&F) chart (shown above) was unchanged in a column of Xs. So the P&F strategy remains on Offense (as it is in a column of Xs), and P&F Low Pole Reversal status in the middle of the field, holding in one of the highest field positions year to date.
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.