[isatrader]

Attached is the NYSE long, medium and short term moving average breadth charts and the NYSE Bullish Percent Index.

There wasn't any major changes this week with only small moves in each chart, and the medium term NYSE Percentage of Stocks above their 150 day moving average remains on Bear Alert status, as it failed to reverse from it's column of Os again this week. So with all the moving average breath measures in the upper high risk zone for a prolonged period now, caution is necessary imo. As as I've mentioned before, Dorsey's research suggests that the average time for the NYSE Bullish Percent to stay above it's 70% level is 96 days, and hence as it went above 70% at the start of the year, that takes us to early April on the average. So it's definitely time to start considering more defensive strategies at least, and also to start planning how you will react if the market turns lower. But for the time being these measures are still mostly positive overall, but divergences are starting to appear on the line charts with the price action.