NYSE Percentage of Stocks Above 50, 150 and 200 Day Moving Average Chart
Attached is a new breadth chart that I've created that combines that data of the NYSE Percentage of Stocks Above 50 Day, 150 Day and 200 Day Moving Averages into one chart, as I've been seeing a lot of people only referencing the short term 50 day chart recently, as the other two don't fit their narrative that they are pushing. So I thought it would be useful to combine the three time periods into one chart to give a clearer picture of where we are at compared to other times in history.
It's a 20 year chart, as I only only data for that long for them, but the two other periods have had similar rapid moves off the extreme low were Aug 02 & Jan 09.
The current reading is 41.11%
And I've done the same on the Nasdaq, and the current reading is 53.93%
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.