Market Breadth Based on Stocks Above 50-Day Moving Averages

The percentage of stocks in the S&P 500 trading above their 50-day moving averages remains at a paltry 3%.  Since early October, the number has drifted between 0% and 5%, meaning nothing but downtrends have been in place for quite some time now.  Financials, Technology, Utilities, and Telecom currently have no stocks trading above their 50-days.  Industrials are at 2%, Energy and Consumer Discretionary are at 3%, Health Care is at 6%, Materials are at 7%, and Consumer Staples are at 10%.  Breadth measures are just plain ugly, but at 0%, they can't get any worse.

 

 

 

 

 

 

Comments

[Mike m]

Either a massive rally is in store, or the world is coming to an end.