Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
47.50% (+1.84% 1wk)
Closed just under its own 50 day MA and so I'm giving it a neutral status. It needs a strong close above the 50 day MA to change it to a positive environment.
20 and 50 day Oscillator
These show the distance that the combined chart is from the 20 day MA and 50 day MA on the chart. Above the zero is positive environment and below is a difficult / negative environment
Nasdaq Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
40.99% (+1.35% 1wk)
The Nasdaq has move back above its own 50 day MA after the visit to the lower zone and then a higher low. So it is now on a tentative postive status once more. But will need further confirmation in the coming weeks.
NYSE Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
54.00% (+2.34%)
The NYSE undercut the prior two lows in the % of Stocks chart and closed the week back above them. So highlights the spring type action that we saw on Monday and Tuesday. It is currently still under its own 50 day MA, and so remains on the difficult environment status currently.
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.