NYSE Percentage of Stocks above their 50 day MA - status change
The short term NYSE Percentage of Stocks above their 50 day Moving Averages chart ($NYA50R) made a continuation move lower today with a breakdown below 40%, moving it back to Bear Confirmed status. So currently only 39.72% of stocks in the NYSE are above their 50 day moving average, and so now the short, medium and long term moving average breadth charts are all bearish, and so we need to consider if the US market is moving into Stage 3. Attached are the charts.
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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.