Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
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58.18% (+6.00% 1wk)
Status: Neutral Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) increased by +6.00% this week.
Therefore, the overall combined average is at 58.18% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The overall combined average continues to bounce around in the multi-month range, once again moving back above its key moving averages, but closing in the middle of the range, and so the status remains on a Neutral Environment to start the new week.
The Point and Figure (P&F) chart (shown above) was unchanged in the column of Os, and so the P&F strategy remains on Defense (as it is in a column of Os), and P&F Bear Confirmed status in the middle of the field.
To turn to offense again, it would need to close above the 60% level, but to turn positive it would need to clear the 62% level to make a quadruple top breakout.
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.