Market Breadth: Moving Averages
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59.89% (-1.30% 1wk)
Status: Neutral Environment
The US Total Percentage of Stocks above their 50 Day, 150 Day & 200 Day Moving Averages (shown above) decreased by -1.30% this week.
Therefore, the overall combined average is at 59.89% in the US market (NYSE and Nasdaq markets combined) above their short, medium and long term moving averages.
The combined average pulled back this week, closing below its shorter-term 20 day MA by -0.61%, but it is still above its 50 day MA (signal line) by +2.52%. Therefore, the status has changed to a Neutral Environment status to start the new week.
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