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:

38.62% (-5.81% 1wk)

Status: Neutral Environment (borderline between Stage 1 and Stage 4 zone)

The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) continued its decline this week, closing a further -5.81% down week on week, after an initial move higher on Monday and Tuesday. So at 38.62% it has moved into borderline territory of potentially moving back into the Stage 4 zone. But with it still above its own 50 day MA, it remains on Neutral Environment status currently. But at only 0.54% above its 50 day MA, it won't take much further deterioration for the status to change to Difficult Environment in the Stage 4 zone. So it is at a critical point.

The Point and Figure chart (shown above) added a further 3 Os to its current column, and has pulled back almost half of the prior column. So the P&F strategy remains on Defense (as it is in a column of Os) and the P&F status continues to be on Bull Correction 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.