Market Breadth: Moving Averages
➜ Members: login to the website to view the full post: Market Breadth: Percentage of Stocks Above their 50 Day, 150 Day & 200 Day Moving Averages Combined
54.56% (+2.70% 1wk)
Status: Tentative Positive Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) increased by +2.70% this week.
Therefore, the overall combined average is at 54.56% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The combined average continued to make progress higher, moving back above its 50 day MA on Wednesday, and finished the week at +6.11% above its short-term 20 day MA, and +3.48% above its 50 day MA (signal line). Hence the status has changed to a Tentative Positive Environment to start the new week, but needs to clear the 58% level to remove the Tentative from the status.
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