Percentage of Stocks Over 50-Day Moving Average

Currently, just 14% of stocks in the S&P 500 are trading above their 50-day moving averages.  While this is extremely oversold, the number got down to 8% last August and 11% in January.

Financials and Industrials are the sectors struggling the most.  Each of them have just 2% of stocks trading above their 50-days.  Consumer Discretionary isn't far behind at 5%, however.  The two sectors that look the best at the moment are Health Care and Utilities.  Health Care has 42% above their 50-days, while the Utilities sector sits at 39%.

Comments

[Ames Tiedeman:]

The DOW is going under 10,000 in 2009.

2008 Jul 11 04:23 PM

[Eric Fox:]

How about below 10,000 in 2008?

2008 Jul 11 04:58 PM

[Indexor:]

OK, I'll bite. The DOW will go below 10,000 by September.

2008 Jul 12 09:09 AM

[messy:]

This article is very good for investors. Looks as if we should be in utilities, health care, and food stocks. Give us more like this one.

2008 Jul 12 11:27 AM

[gearup:]

Learn to buy options. You can make money in all markets and only loose what you put in. Leverage is large.

2008 Jul 12 06:37 PM

[secmaven:]

Throw a dart. Short the stock. You will win.

2008 Jul 13 12:51 AM