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
61.09% (+0.23% 1wk)
Status: Positive Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) increased by +0.23% this week.
Therefore, the overall combined average is at 61.09% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The combined average continued to consolidate this week, with a brief spike on Thursday before pulling back again on Friday, and is +2.09% above the short-term 20 day MA and +4.38% above its 50 day MA (signal line). Therefore, the status continues to hold on a Positive Environment status to start the new week.
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