Thus far in 2022, the overall S&P 500 index has struggled. In weighing the collective evidence of stock market health, we may seek breadth measures or tools to see how the component stocks to this index are individually performing as well. Here, the percentage of 
SPY stocks trading above their 50 day moving average (plotted weekly) is shown to fluctuate widely. Note, however, that it is presently sitting below two important levels -- both the roughly 55%-60% (light grey) zone, and also underneath 45% (dashed black line). Until this breadth measure can inch back towards the "healthy" zone, investors may wish to consider this tool to be voting "risk off".
SPY stocks trading above their 50 day moving average (plotted weekly) is shown to fluctuate widely. Note, however, that it is presently sitting below two important levels -- both the roughly 55%-60% (light grey) zone, and also underneath 45% (dashed black line). Until this breadth measure can inch back towards the "healthy" zone, investors may wish to consider this tool to be voting "risk off".Nota
March and May relief rallies have done nothing to reverse this overall trend of distribution.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.