RE: Market Breadth Extra
The Percentage of Stocks above their 50 Day Moving Averages have now all moved to Bear Confirmed status with the S&P 500, Nasdaq 100 and NYSE making continuation breakdowns today to join the Dow 30.
The Dow 30 and S&P 500 Percentage of Stocks above their 50 Day Moving Averages charts are the most oversold, and are both in the lower range of the chart. So watch for reversals back above the 30% line for a Bull Alert status change.
The Dow is at an extreme level however, which hasn't been seen since November 2012, and so is by far the most oversold the four charts.
isatrader
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.
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.