Percentage of Stocks above their Moving Averages - status changes
Another important milestone for the market breadth today with both the Nasdaq and NYSE long term Percentage of Stocks above their 200 day Moving Averages moving to Bull Confirmed status with breakouts above the 50% level.
I keep seeing post on other sites of how weak the breadth is. They are clearly not looking at the same data,as we have new highs in the NYSE cumulative new highs - new lows, news highs in the Advance decline data, new highs in the P&F breakouts - breakdowns and now Bull confirmed signals on the moving average breadth charts. The weight of evidence is looking definitely favoring the bulls right now imo, after being in neutral position at the start of the year.
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.