Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
The full post is available to view by members only. For immediate access:
49.88% (-1.13% 1wk)
Status: Neutral Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) decreased by -1.13% this week.
Therefore, the overall combined average is at 49.88% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The combined average pulled back after the Fed on Wednesday, but recovered a bit on Thursday to end the week. So it is currently -0.33% below its short-term 20 day MA, and -1.11% below its 50 day MA (signal line). Hence the status changed to a Neutral Environment status in the middle of the field. So there's not a clear direction currently. Hold.
The Point and Figure (P&F) chart (shown above) was unchanged again 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 (defense), it would currently need to close below the 46% level.
See the Bullish Percent article for more information on the P&F statuses.
Become a Stage Analysis Member:
To see more like this – US Stocks watchlist posts, detailed videos each weekend, use our unique Stage Analysis tools, such as the US Stocks & ETFs Screener, Charts, Market Breadth, Group Relative Strength and more...
Join Today
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.