Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
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43.94% (-1.14% 1wk)
Status: Difficult Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) decreased by -1.14% this week.
Therefore, the overall combined average is at 43.94% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The overall combined average continued lower this week, but ended the week with a slight rebound to -4.12% below its 20 day MA and -2.80% below its 50 day MA (signal line). So the status remained on a Difficult Environment.
The Point and Figure (P&F) chart (shown above) added an additional O to it's current column, and so the P&F strategy remains on Defense (as it is in a column of Os), and P&F Bull Correction status – but with a high pole warning 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.