S&P 500 Percentage of Stocks Above 50-Day Moving Averages

Many traders like to monitor the breadth of the market and its sectors by tracking the percentage of stocks that are above their 50-day moving averages.  Currently, 31% of stocks in the S&P 500 are trading above their 50-day MAs.  As shown in the historical chart below, this is not at the extremes we saw when the market made lows in August and January, but the indicator continues to make lower highs just as the market has. 

Looking at the percentage of stocks above their 50-day MAs by sector, Consumer Staples and Utilities surprisingly have two of the lowest readings.  Just 18% of Consumer Staples stocks and 6% of Utilities stocks are above their 50-days.  Energy and Materials are the only two sectors with readings currently above 50%.   

Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.