Weekly Outlook Sep 2-6 (Breadth Indicators)In the top chart we have INDEX:MMTH which shows how many stocks are above their 200 D MA expressed as a percentage. When 70% or more of stocks are above their 200 D MA, it can be seen as over exuberance which can lead to a short term decline as investors take profits on riskier stocks to rotate in
percentage of stocks above 200Ema . Big rally in 2023we are in 2022 and much similar to 2002 bottom .
history repeat itself.
a bigger rally in 2023 , much much bigger than last few years.
followed by a correction in 2024 for few months and then rally will resume.
the age of bear market is over .
more fear leads to bigger bull market
MMTH, about to pull above our yearly high ( 49.17% ) I consider this an indicator of market breadth . Ignore pundits telling you their doomsday predictions and see that stocks above their 200 sma is :
In a stage two uptrend. More confirmation of this needed, could also be a stage one if we don't see follow-through here and pull into a sideways range
U.S. markets up from here? Percent of stocks >200ma is rising.The vertical lines match $SPX lows with times when only 15-20% of stocks traded over their 200ma. The light blue line is a 10-week moving average and you can see that once it turns up it keeps rising (2008-09 was an exception). According to this broad market indicator, stocks have been performing b
Stocks above 200 day MAThis chart shows that pretty much the best point in the history of the stock market to buy was in the first half of 2009. Returns since that low point during very turbulent times for the economy have been phenomenal. The chart here shows that there was indeed a very clear signal that investors could
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Displays a symbol's price movements over previous years to identify recurring trends.