Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
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47.04% (-5.91% 1wk)
Status: Tentative Difficult Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) increased by -5.91% this week.
Therefore, the overall combined average is at 47.04% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The combined average had a volatile week, ending below its 50 day MA. So it is -3.10% below its short-term 20 day MA, and -1.74% below its 50 day MA (signal line). Hence the status flipped to a Tentative Difficult Environment status. Caution.
The Point and Figure (P&F) chart (shown above) was unchanged in a column of Xs this week. So the P&F strategy remains on Offense (as it is in a column of Xs) in the middle of the field.
To reverse to a column of Os, it currently needs to close below the 46% level. So it is 1% above that 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.