[isatrader]

US Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

38.17% (-8.74% 1wk)

   

A further big decline this week in the combined percentage of stocks, with it closing the week back at the September lows and below 40%, and hence in Stage 4 territory, with more stocks below their short, medium and long term moving averages.

   

I also wanted to highlight the data table this week, as I think it really shows how the statuses work between the Postive and Difficult Environment. So for example I've highlighted the Positive Environment Status, which was from 14th Oct to 16th Nov. That was the time to play Offense as I talked about at the time, and then from 19th Nov it moved back to a Difficult Environment with it dropping below both it's 20 & 50 day MAs, which meant it was the time to play Defense. So it's a really simple concept, but as we've seen over the last few months, it can really help to manage risk, by knowing what team to put on field, their position on it, and when to be more aggressive or when to be more cautious.

Status: Difficult Environment

The Point and Figure Chart had a double bottom breakdown with Fridays close and moves back to Bear Confirmed status using the P&F Statuses in a dangerous field position.

   


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

30.80% (-7.37% 1wk)

   


NYSE Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined

45.54% (-10.11% 1wk)