Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
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53.27% (-0.18% 1wk)
Status: Positive Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) decreased by -0.18% this week.
Therefore, the overall combined average is at 53.27% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The combined average continued to pullback into the middle of the week towards its 20 day MA, before rebounding into the end of the week once more. So it is now +2.56% above its short-term 20 day MA, and +7.83% above its 50 day MA (signal line) in the upper half of the range.
Hence the status remains on Positive Environment status to start the new week.
The Point and Figure (P&F) chart (shown above) reversed into a column of Os this week, dropping by 3 Os. So the P&F strategy has changed to Defense (as it is in a column of Os), but remains in the upper middle of the field. Which is a healthy field position still.
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.