Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
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45.09% (-5.82% 1wk)
Status: Difficult Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) decreased by -5.82% this week.
Therefore, the overall combined average is at 45.09% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The overall combined average saw a sharp decline on Friday, breaking down below the bottom of the recent tight range that had formed around its 50 day MA. So it ended the week -4.86% below its 20 day MA and -2.92% below its 50 day MA (signal line). So the status changed to a Difficult Environment.
The Point and Figure (P&F) chart (shown above) reversed lower on Friday to a column of Os, and so the P&F strategy changed to Defense (as it is in a column of Os), and to P&F Bull Correction status, but it is still in a neutral overall field position.
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.