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Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

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29.31% (-12.05% 1wk)

Status: Difficult Environment in the Stage 4 zone

The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages continued lower for a third week, dropping a further -12.05%, to close the week at 29.31%, and back in the lower zone. So it was a very large decline in the moving average breadth, and in doing so it has now re-entered Stage 4 territory (below 40%) by this measure only and the status has weakened to Difficult Environment.

I will talk more about this and all of the other combined moving average breadth charts from the full members post in detail during the Stage Analysis Members weekend videowhich is scheduled for later on Sunday afternoon EST.

The Point & Figure chart dropped a further 6 boxes, causing a high pole warning, as it's reversed more than 50% of the previous column of Xs. However, it hasn't switched columns, and so the P&F status remains on Bull Correction and the strategy on Defense.

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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.