NYSE % of stocks > than 200 Day Moving Average

NYSE % of stocks > than 200 Day Moving Average
200_day_stocks_nyse_2

As seen on the chart above the percentage of NYSE stocks > than their 200 day moving average has
slipped (not incl. today) to almost 20%. This reading is similar to readings at other past significant lows such as the 1998 low and the 2002 low.

That said we don’t think we have seen the absolute low in the markets yet given the recent trend line break in the S&P 500. However, given these indicator readings we are starting to see the signs of a capitulation building one more shot down may be necessary to set a better, more solid low.


Comments
Leave a comment
Name
Email Address
URL
Remember personal info?
Comments
Blog Home
RSS Feed
Categories
Barron's
Breakouts/Breakdowns
ChartWatch
Company in the News
Equity Timing Signals (Buy/Sell)
Market Data
Media
Sector Group Rankings
Short Squeeze Screen
Stock Analysis
Total Stocks Rankings
Archives
April 2008
March 2008
February 2008
January 2008
December 2007