Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
The full post is available to view by members only. For immediate access:
38.58% (-9.00% 1wk)
Status: Difficult Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) decreased by -9.00% this week.
Therefore, the overall combined average is at 38.58% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The overall combined average dropped off throughout the week to new 52 week lows, and moved below the 40% level into the Weak Zone. So the status remains on a Difficult Environment, which its been on now since the 12th December and has moved into a potential downtrend. So caution seems prudent.
The Point and Figure (P&F) chart (shown above) reversed lower once more to a column of Os, and so the P&F strategy changed back to Defense (as it is in a column of Os), and P&F Bear Confirmed status in the lower-middle of the field.
See the Bullish Percent article for more information on the P&F statuses.
Become a Stage Analysis Member:
To see more like this and other premium content, such as the regular US Stocks watchlist, detailed videos and intraday posts, become a Stage Analysis member.
Join Today
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.