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gb50k

Penguin: "BTFD ?!?" - % of stocks above their DMA.

Long
Percent of Stocks Above 20-Day Average (INDEX:MMTW)  
gb50k  
INDEX:MMTW   Percent of Stocks Above 20-Day Average
Trend Analysis Chart Patterns Technical Indicators crash btfd Stocks equites MMTW sentiment
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trendanalysis chartpattern indicator crash btfd stocks equites mmtw sentiment
The daily chart is showing market sentiment from a breadth perspective: the percentage of stocks on the NYSE (2943 stocks) that are above their daily moving averages.
The trend is increasingly bullish but that increase has peaked in recent days.


[bDetail:

  • MMTH - RED - Percentage of stocks above their 200 DMA
    MMOF - Percentage of stocks above their 150 DMA
    MMOH - Percentage of stocks above their 100 DMA
    MMFI - GREEN - Percentage of stocks above their 50 DMA

Average of all 4 - WHITE line
EMA10 of the white line - ORANGE line


All 4 indicators and their mean are above the midline with positive momentum .
That momentum has peaked in recent days and is no longer accelerating.
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