Percentage of Stocks above their 50 Day Moving Averages
The short term Percentage of Stocks above their 50 Day Moving Averages charts that I highlighted had broken down into Bear Confirmed have all now reversed back to a column of Xs at their low levels. With the S&P 500 and NYSE charts joining the Dow and Nasdaq 100 which rebounded on Wednesday.
I'm highlighting the S&P 500 chart today, as because it dipped below the 30% level this week and reversed back above it on Wednesday, and so it's status has now changed to Bull Alert. Whereas, the other three index are still on Bear Correction currently, but the Dow could move to Bull Alert also, as it's rising from even more oversold levels.
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.