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
30.06% (-8.11% 1wk)
A further sharp decline this week of over -8%, taking the US average down towards the top of the lower zone. Which as you can see it doesn't reach very often. So Stage 4 on the breadth data alone (below 40%), while the major indexes of the S&P 500 and Nasdaq 100 main in late Stage 2. So an anomaly to be resolved.
Status: Difficult Environment
The Point and Figure Chart shows the data most clearly imo and the also the rarity of current level, as the lower zone has only been reached three times in the last 6 years. So presents clear danger as only the generals are left on the field. But also the possibility of new bases being formed for when we come out the over the side again.
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
NYSE Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
37.21% (-8.33% 1wk)
Nasdaq Total % Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
22.90% (-7.89% 1wk)
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.