Key Breadth Measure Not Bullish Yet

The essence of market breadth is to see how the stocks that comprise a benchmark are performing relative to the benchmark itself.

In today’s One Chart, we’ll see how with less than 50% of S&P 500 names above their 200-day moving average, the conditions are more characteristic of bearish phases than bullish phases.

You can read more over at seeitmarket.com.

RR#6,

Dave

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. Please see the Disclaimer page for full details.