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:
61.09% (+0.23% 1wk)
Status: Positive Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) increased by +0.23% this week.
Therefore, the overall combined average is at 61.09% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The combined average continued to consolidate this week, with a brief spike on Thursday before pulling back again on Friday, and is +2.09% above the short-term 20 day MA and +4.38% above its 50 day MA (signal line). Therefore, the status continues to hold on a Positive Environment status to start the new week.
The Point and Figure (P&F) chart (shown above) added a further 1 X, to the current column of Xs this week. 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 upper-middle of the field, continuing to hold in one of the highest field positions year to date.
The next double top breakout level would be a close above 64%, and would reverse to Os with a close below 56%.
See the Bullish Percent article for more information on the P&F statuses.
Become a Stage Analysis Member:
To see more like this – US Stocks watchlist posts, detailed videos each weekend, use our unique Stage Analysis tools, such as the US Stocks & ETFs Screener, Charts, Market Breadth, Group Relative Strength and more...
Join Today
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.