Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
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59.87% (-0.62% 1wk)
Status: Positive Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) decreased by -0.62% this week.
Therefore, the overall combined average is at 59.87% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The combined average dropped sharply at the beginning of the week, but recovered the majority of the decline to finish the week only slightly lower. It is now +3.74% above its short-term 20 day MA, and +7.83% above its 50 day MA (signal line). Hence the status remains on a Positive Environment status to start the new week.
The Point and Figure (P&F) chart (shown above) wha unchanged in its current column of Xs. So the P&F strategy remains on Offense (as it is in a column of Xs) but the P&F status remains on Bull Confirmed status in the upper middle of the field.
To reverse to a column of Os (Defense) it would need to close below the 54% level currently.
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.