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

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36.79% (-0.78% 1wk)

Status: Difficult 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) ended the week slightly lower again by -0.78%, but did drop further midweek, but recovered most of the decline. 

So at 36.79% it continues to be below its own 50 day MA for another week and so it continues to be on Difficult Environment status in borderline territory between the Stage 1 and Stage 4 zones.

The Point and Figure chart (shown above) declined a further 2 Os in its current column of Os and remains below the midpoint of the prior column of Xs, and so the High Pole Warning remains and the P&F status continues to be on Bull Correction status, which keeps the P&F strategy on Defense

In order to reverse to a column of Xs, and change the strategy to Offense, the price would need to close above the 38% level.

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