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NYSE Percentage of Stocks above their 50 day Moving Averages Bear Confirmed
StageAnalysis
6/12/2013
The short term NYSE Percentage of Stocks above their 50 day Moving Averages chart ($NYA50R) made a continuation move lower today with a breakdown below 40%, moving it back to Bear Confirmed status. So currently only 39.72% of stocks in the NYSE are above their 50 day moving average, and so now the short, medium and long term moving average breadth charts are all bearish, and so we need to consider if the US market is moving into Stage 3.
View the complete post, including charts, at:
http://stageanalysis.net/stocks/nyse...med-nya50r/602
Reference: Worden TC2000
http://www.worden.com/
StageAnalysis
6/12/2013
The short term NYSE Percentage of Stocks above their 50 day Moving Averages chart ($NYA50R) made a continuation move lower today with a breakdown below 40%, moving it back to Bear Confirmed status. So currently only 39.72% of stocks in the NYSE are above their 50 day moving average, and so now the short, medium and long term moving average breadth charts are all bearish, and so we need to consider if the US market is moving into Stage 3.
View the complete post, including charts, at:
http://stageanalysis.net/stocks/nyse...med-nya50r/602
Reference: Worden TC2000
http://www.worden.com/