Percentage of Stocks Above 50-Day Moving Averages

Another down day in the market has sent the percentage of stocks above their 50-day moving averages in the S&P 500 back below 50%.  Currently, 45% of stocks are above their 50-days.  The worst sector by far is Energy.  Just 8% of Energy stocks are above their 50-days, even as oil has been strong for the past few months.  Industrials is the second worst at 22%, followed by Consumer Discretionary, Telecom, and Materials.  Technology, Consumer Staples, Health Care, and Utilities are the four sectors that still have a reading above 50%.

 

 

 

 

 

 

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