Moving Indices

[TommyIV]

Noteworthy today, both the indices representing the C and S-fund are trading above a rising trend line formed by peaks earlier in the year.

C-Fund




S-Fund

 

[tsptalk]

Interesting... These holiday-like trading days can be irrational (although predictable) because traders (and bears - who are usually traders) don't tend to trade those days. It's mostly scheduled one-way retirement contributions getting added.

That's why we see so many pre/post holiday reversals.

Just one theory.

 

[Bullitt]

SPX % stocks above 200 DMA is at 51%, but possible bearish divergence lingers.

Signals can be derived from overbought/oversold levels, crosses above/below 50% and bullish/bearish divergences.

https://school.stockcharts.com/doku.php?id=market_indicators:percent_above_ma

 

[Bullitt]

RE: 200 DMA. A post from a month ago when we had less than 50% S&P 500 stocks over 200 DMA. Today we're at around 52%.

David Keller, CMT @ Stockcharts

If we breakout to the upside, the upswing would likely continue and produce a higher low. A break above 3240 or maybe 3250 would confirm a higher high, and chances are this indicator would go back above 50% and suggest that the S&P most likely returns to previous all-time highs around 3400.

I’m looking very closely at whether or not this indicator goes back above 50%. If you’re bullish and are expecting further upside, I would certainly be looking for that break above 50% and subsequently remainingabove 50% as giving fuel to that bullish argument.

https://www.seeitmarket.com/key-stock-market-breadth-measure-is-not-bullish-yet/

 

[Bullitt]

Nasdaq now around 20% above it's 200 DMA.

In February it was somewhere around 15-17%.

 

[Bullitt]

SPX only has around 34% of stocks above 50DMA. In 2019, turns came when they hit just a bit lower while in an uptrend.