Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
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47.58% (+4.56% 1wk)
Status: Difficult Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) increased by +4.56% this week.
Therefore, the overall combined average is at 47.58% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The overall combined average continued to rebound this week, with a stronger move at the end of the week which brought it back to within -0.98% of its 20 day MA, but still -5.70% below its declining 50 day MA (signal line). So the status remains on a Difficult Environment, but further improvement to above the 20 day MA would turn it back to Neutral.
The Point and Figure (P&F) chart (shown above) made a reversal to a column of Xs on Friday, and so the P&F strategy changes to Offense (as it is in a column of Xs), and P&F Bear Correction status in the lower-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.