[isatrader]

Attached is the NYSE long, medium and short term moving average breadth charts and the NYSE Bullish Percent Index.

This week saw a number of changes in the moving average breadth charts across the board, with the NYSE long, medium and short term gauges all having status changes. The long and medium term chart reversed to a column of Os and are close to the key 70% level, but haven't moved below it as yet, and so are currently on bull correction status. However, a move below 70% would change that to Bear Alert.

The short term moving average breadth charts saw some double bottom breakdowns with the NYSE and DOW 30 Percentage of Stocks above their 50 day Moving Averages charts both moving to Bear Confirmed status, while the S&P 500, Nasdaq 100 both dropped below 70% and so moved to Bear Alert status.

So we've seen a further deterioration from last week with the short term charts now fairly bearish and the long and medium term charts starting to feel the effects as well. Below is the updated table and the major charts.

For those that prefer the line charts, the relative performance versus the S&P 500 closed below the zero line (52 week MA) as you can see at the bottom of the charts which for example on the 150 Day MA chart in the last year or so has only occurred in May 2012, November 2012 and for a single week in April 2013. So a fairly cautionary sign there.