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Thursday
Jan282010

Percentage of Stocks Above 50-Day Moving Averages

DateThursday, January 28, 2010 at 01:07PM

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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