Thursday, July 23, 2015

SPXA150R S&P 500 Stocks Above 150-Day MA Weekly Chart

The chart shows the number of stocks above their respective 150-day MA's. During the robust stock market party in 2013, 2014 and into this year, there are consistently 75% or more of stocks above their critical 150 MA. Now, there are only one-half of the stocks in the S&P 500 above their respective 150 MA. This is a bearish signal for equities going forward. A strong bull market should maintain the SPXA150R above 68%-70%. Bears are in control under 70% (for a continuing trend lower). If the chart drops under 38%-40% that will signal a reversal to the upside on tap for equities just like after the August 2011 market crash. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.