Moving Average Breadth Charts - status change
The short term NYSE Percentage of Stocks above their 50 Day Moving Averages chart broke down strongly today to move back to "Bear Confirmed" status. The S&P 500 Percentage of Stocks above their 50 Day Moving Averages chart also moved moved to Bear Confirmed.
But most notable for me personally in today's big sell off was that the "head coach" - the long term NYSE Bullish Percent Index got within .05 of reversing to a column of Os for the first time since the 20th December. And so there's a good chance of that happening tomorrow if the sell off intensifies.
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.