Wednesday, 30 January 2013
% of S&P 500 Stocks Above 50 DMA
One indicator I sometimes like to look at to see if the market is getting a bit frothy is the % of S&P stocks that are above their 50 day moving average.
As you can see from the chart below, its at a very big high, almost 90% though in the last few days, its starting to drop.
Looking at the same chart for 200 day moving average, you see another high of 87%...
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