Positive Breadth

Posted: September 16, 2010 in Burse

As shown in the first chart below, the S&P 500 has yet to break above its August highs.  But breadth as measured by the percentage of stocks in the index that are trading above their 50-day moving averages has broken above the highs seen in August, indicating that there is a lot of underlying strength in the index at the moment.  As shown, 80% of the stocks in the S&P are currently above their 50-days.  This isn’t quite to the highest levels seen over the last year, but it’s getting close.

Sursa: http://www.bespokeinvest.com/thinkbig/2010/9/16/positive-breadth.html


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