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:
50.96% (-0.44% 1wk)
Status: Neutral Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) decreased by -0.44% this week.
Therefore, the overall combined average is at 50.96% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The combined average took a sharp dip early in the week, briefly closing in difficult environment territory on Tuesday, and then rebounded through the rest of the week. Closing back above its 50% level, but still -1.81% below its short-term 20 day MA, and -1.43% below its 50 day MA (signal line).
Hence the status remains on a Neutral Environment status in the middle of the field.
The Point and Figure (P&F) chart (shown above) reversed to column of Os this week. So the P&F strategy changed to Defense (as it is in a column of Os) in the middle of the field.
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.