As $SPY tests its October highs the % of stocks above their 200ma retreats from its October highs pic.twitter.com/ev7FQKlSxj — Stacey.A.Lee (@BBaxter2020) November 8, 2023 Today’s Chart of the Day was shared by Stacey Lee (@BBaxter2020). The S&P 500 rose for the eighth straight day today, closing at its highest since September. It’s attempting to […]
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 – Friday, February 18th, 2022
The share of stocks trading above their 200-day moving avg is near 50%, a level that has been make-or-break for the S&P 500 price trend in recent years. Breadth has rarely broken 50% for more than a few days without a significant correction emerging. SPX price & breadth in chart pic.twitter.com/0Nm0sPiga2 — Gina Martin Adams […]
Chart of the Day – Tuesday, December 29th, 2020
#Stocks can stay extended for longer than you think! $SPY pic.twitter.com/qUVzfNQkRb — Grant Hawkridge (@granthawkridge) December 29, 2020 Today’s Chart of the Day was shared on Twitter by Grant Hawkridge (@granthawkridge). The chart shows the S&P 500 over the past two decades. Legendary technician, Bob Farrell once said, “Markets are strongest when they are broad, and […]
Chart of the Day – Wednesday, November 11th, 2020
85% of stocks > 200-day moving averages, most since Aug 2013.One consequence of rotation to Value & small-caps is improvement in broad breadth gauges. Watching Growth & large-caps. If they break down (absolute, not relative), then so does the bullish breadth case. @NDR_Research pic.twitter.com/4MFGVad5dP — Ed Clissold (@edclissold) November 11, 2020 Today’s Chart of […]