Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
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53.21% (-4.15% 1wk)
Status: Neutral Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) decreased by -4.15% this week.
Therefore, the overall combined average is at 53.21% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The overall combined average continued to decline below its key MAs, moving towards the lower end of the range, and so the status remains on a Neutral Environment to start the new week, but further weakness would see it change to a Difficult Environment.
The Point and Figure (P&F) chart (shown above) reversed to a column of Os, and so the P&F strategy reverts once more to Defense (as it is in a column of Os), and P&F Bear Confirmed status in the middle of the 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.