The number of sectors trading above their 200-day moving averages has gone from zero in September to ten as of yesterday. All prior zero-to-ten cases since 1973 are marked on the chart and have generally been good buying opportunities. pic.twitter.com/QTkYXWg86Y — Rob Anderson (@_rob_anderson) February 2, 2023 Today’s Chart of the Day was shared by […]
Chart of the Day – Wednesday, January 11th, 2023
Encouraging action in one of my favorite breadth indicators, the percent of $SPX stocks above key moving averages. Both remained above the important 50% level, suggesting stocks broadly speaking are in a bullish phase. Food for thought! pic.twitter.com/goPEYwRZzp — David Keller, CMT (@DKellerCMT) January 11, 2023 Today’s Chart of the Day was shared by David […]
Chart of the Day – Wednesday, November 23rd, 2022
The S&P 500 has gone from less than 5% of stocks above the 50-day Moving Average to over 85%, a historically bullish development. However, the occurrence in August didn't draw higher prices like it has in the past. Watching if this time is different. pic.twitter.com/nXYUDdTmdU — Andrew Thrasher, CMT (@AndrewThrasher) November 23, 2022 Today’s Chart […]
Chart of the Day – Monday, August 15th, 2022
Friday triggered a rare, but quite bullish signal. >90% of the components in the S&P 500 are now above their 50-day moving average. As you can see, these signals take place in strong uptrends historically. pic.twitter.com/UtJfMcHJrW — Ryan Detrick, CMT (@RyanDetrick) August 14, 2022 Today’s Chart of the Day was shared by Ryan Detrick (@RyanDetrick). Ryan […]
Chart of the Day – Friday, July 29th, 2022
Percent of $SPX stocks at 20-day new highs rose above 55% for first time since June 2020 (concept thanks to Jeff DeGraaf). This marks the 3rd breadth thrust signal in the last 8 trading sessions. Broader than off the March and May lows. @WillieDelwiche @RenMacLLC pic.twitter.com/ofhLRPyyv8 — Ed Clissold (@edclissold) July 29, 2022 Today’s Chart […]
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