Market Breadth Update
Attached is the updated NYSE Bullish Percent Index and the NYSE long, medium and short term moving average breadth charts, the advance decline line and the new high new lows.
The rest of the regular weekend market breath update is available to subscribers only in the main Market Breadth thread in the Elite Members Board, including the exclusive US Industry Sectors Breadth charts, the S&P 500 Cumulative P&F Breakouts - Breakdowns charts, the Volatility Breadth Charts, the New Highs New Lows charts, the Advance Decline Breadth Charts and more...
The NYSE Bullish Percent Index
As I highlighted on Thursday night, the "head coach" NYSE Bullish Percent Index gave a double top buy signal and moved back to offense this week.
NYSE Percentage of Stocks above their 200 Day, 150 Day and 50 Day Moving Averages P&F charts
The NYSE Percentage of Stocks above their 150 Day (30 week) Moving Averages also moved back to Bull confirmed status this week with a double top buy signal on Thursday.
Advance Decline Line
The cumulative Advance Decline Line made a Stage 2 continuation breakout this week following a six month Stage 3 with a volatility contraction pattern.
New Highs New Lows
Note the expansion of new highs this week above previous swing highs.
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.