Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
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55.49% (-0.13% 1wk)
Status: Neutral Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) decreased by -0.13% this week.
Therefore, the overall combined average is at 55.49% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The combined average declined again during the week, dropping below its 50 day MA on Thursday, but rebounded back above it again on Friday to end the week at -2.36% below its short-term 20 day MA, and +1.09% above its 50 day MA (signal line). Hence the status remains on a Neutral Environment status to begin the new week.
The Point and Figure (P&F) chart (shown above) reversed to a column of Os. So the P&F strategy changed to Defense (as it is in a column of Os), and the P&F status changed to Bull Correction status in the upper 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.