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:
50.50% (+3.70% 1wk)
Status: Positive Environment in the Stage 1 zone
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) moved higher by +3.70% this week, closing at 50.50%, which is right in the middle of the range, and so the status remains as a Positive Environment in the Stage 1 zone, and is currently +20.60% above its own 50 day MA (which is used as the signal line).
Since the beginning of October the combined moving average breadth has improved by +36.09%.
So as I've mentioned in previous posts. For the rating to continue to improve to the Stage 2 zone, we'd need to see the total percentage of stocks continue to expand and move above the 60% level. But, it is literally in the middle of the range currently, which is a very neutral position, and so a return to Stage 4 also shouldn't be ruled out. But the short term trend so far, continues to show incremental improvements.
The Point and Figure chart (shown above) added +1 X to its current column this week and so the P&F strategy remains on Offense (as it's in a column of Xs) and on Bull Confirmed status, and has remained on a bullish status since the 18th October when reversed up to Bull Alert status.
Become a Stage Analysis Member:
To see more like this and other premium content, such as the regular US Stocks watchlist, detailed videos and intraday posts, become a Stage Analysis member.
Join Today
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.