Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
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59.13% (-0.02% 1wk)
Status: Positive Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) increased by -0.02% this week.
Therefore, the overall combined average is at 59.13% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The moving average breadth continued to improve early in the week, spiking up a further +5.5% to 64.65%, but reversed on Wednesday and gave it all back by the end of the week to close just -0.02% below last weeks figure. However, the combined average still remains strongly above its 20 day MA by +7.05% and +6.51% above its 50 day MA (signal line), and so the status remains on a Positive Environment status on the borderline of the strong zone (60%+) with earnings season picking up pace with many more stocks reporting in the coming week/s.
The Point and Figure (P&F) chart (shown above) was unchanged in a column of Xs, although it's within one box of a potential reversal, so we need to be alert to that possibility. But the P&F strategy remains on Offense (as it is in a column of Xs), and the P&F status remains on Bull Confirmed status in the upper-middle of the playing field.
See the Bullish Percent article for more information on the P&F statuses.
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.