Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
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57.28% (+5.94% 1wk)
Status: Neutral Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) increased by +5.94% this week.
Therefore, the overall combined average is at 57.28% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The combined average continued to improve this week, with its first higher high of the month, taking it back above its short-term 20 day MA by +1.00%, but it still remains -0.97% below its 50 day MA (signal line), and hence the status has changed to a Neutral Environment status (as it's between the MAs).
The Point and Figure (P&F) chart (shown above) reversed higher on Friday to a column of Xs. So the P&F strategy changed to Offense (as it is in a column of Xs) in the middle of the field.
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.