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

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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.

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