As shown below, the percentage of stocks above their 50-day moving averages in the S&P 500 has dropped to 35%. This is the lowest level seen since mid-2009. Clearly breadth has gotten weak on this pullback. No sectors have more than 50% of stocks above their 50-days, and Consumer Discretionary has the highest reading at 48%. Materials is the weakest sector with a reading of 10%.
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Maybe this is the sign of things to come in the markets....sooner than later...
http://www.niftyfutureking.com
Posted by: niftyfutureking | February 28, 2010 at 11:20 AM
I think you are right...
http://www.goodstockstoinvestin.net
Posted by: Invester | May 30, 2010 at 07:38 PM