Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
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57.36% (-2.80% 1wk)
Status: Neutral Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) decreased by -2.80% this week.
Therefore, the overall combined average is at 57.36% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The overall combined average puled back to the key MAs in the middle of the multi-month 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 a column of Xs, and so the P&F strategy remains on Offense (as it is in a column of Xs), and P&F Bear Correction status in the middle of the field.
To move to Bull Confirmed it would need to clear the 62% level to make a quadruple top breakout. To reverse to a column of Os it would need a close below the 54% level.
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.