[isatrader]

Due to the divergence between the NYSE and the Nasdaq recently, I thought it would be interesting to look at the Nasdaq moving average breadth charts and bullish percent index also this week, as it shows a much more bearish picture in the Nasdaq Exchange, with the long, medium and short term moving average breadth charts all on Bear Confirmed status, and the Nasdaq Bullish Percent line chart close to a potential Stage 4 continuation breakdown.

The Nasdaq Bullish Percent Index

   

Nasdaq Percentage of Stocks above their 200 Day, 150 Day and 50 Day Moving Averages P&F charts

           

Nasdaq Percentage of Stocks above their 200 Day, 150 Day and 50 Day Moving Averages line charts