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

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38.08% (+8.77% 1wk)

Status: Neutral Environment in the Stage 4 zone

The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages bounced +8.77% this week to end the week at 38.08%. So it recovered from the lower zone, but as its under 40% still, it remains in the Stage 4 zone. But any continuation of the strength this week could push it back into the Stage 1 territory (between 40% to 60%).

The rebound also took it back above its own 50 day MA – which is used as the signal line – but it remains -4.04% below its 20 day MA, and so the status changes to Neutral 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 reversed columns, to a column of Xs, and added 5 Xs, with a reversal through the key 30% level. Hence it changes the P&F signal to Bull Alert status and so the strategy shifts to Offense once more. 

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