Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
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34.49% (-0.22% 1wk)
Status: Difficult Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) decreased by -0.22% this week.
Therefore, the overall combined average is at 34.49% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The combined average consolidated this week, ending slightly lower again. It closed the week -2.64% below its short-term 20 day MA, and -11.50% below its 50 day MA (signal line).
Hence the status remains on a Difficult Environment status.
The Point and Figure (P&F) chart (shown above) was unchanged in its current column of Os this week. So the P&F strategy remains on Defense (as it is in a column of Os) and P&F Bear Confirmed status in the lower-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.