RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-06-01, 09:04 PM)isatrader Wrote: Updated breadth stats for the top 300 UK stocks:
Price above 50 day MA: 170 (56.67%)
Price above 150 day MA: 160 (53.33%)
Price above 200 day MA: 170 (56.67%)
So not much movement on the medium and long term MAs since I last looked a few weeks back, but a bigger improvement on the short term which has got back above the 50% level. But all still in the mid range of the scale after being much higher earlier in the year and hence still Stage 3 territory imo on the breadth.
Are we on the cusp of a continuation versus start of a bear? I really am wondering what is going on. I note that a 50/50 world/uk fund that I have part of a pension in has just made a new high.