[isatrader]

Attached is the long, medium and short term moving average breadth charts and the NYSE Bullish Percent Index. The short term moving average breadth charts reversed back to a column of Xs and so averted the bear alert status that most were on last week, for the time being. But as you can see on the line chart, it's had a big pullback and is now well below it's own 50 day MA and the 70% level, and so a move below 58% would take it to a new Bear Confirmed signal.

A more concerning move this week was that the medium term NYSE Percentage of Stocks above their 150 day Moving Averages chart continued lower in it's column of Os and made high pole warning, and hence moved to Bear Alert status. And, so although the short term has rebounded a bit, it's concerning to see the medium term chart moving lower and so risk of a downturn seems to becoming more likely, even though there's a lot of green on the tables below.