Percentages of Stocks Above Their 50-Day Moving Averages

Even as the market has been tossed around this week, more than 50% of S&P 500 stocks are trading above their 50-day moving averages.  Below we highlight historical charts of this 50-day indicator for the S&P 500 and its ten sectors.  As shown, the two Consumer sectors are really keeping this market on its legs.  The Consumer Staples sector has 73% of stocks above their 50-days, while the Discretionary sector is up at 83%.  And surprisingly, the Financial sector ranks third at 69%.  Energy continues to bring the market down, and just 5% of stocks in the sector are above their 50-days.  And after staging a nice rally for parts of August, the Tech sector has pulled all the way back down to 27%.

   

Comments

[ain't no fortunate son]

Thanks for the perspective

2008 Sep 13 10:51 AM

[Leser]

Great perspective.

2008 Sep 13 12:05 PM

[Leonard]

Thank you, Gentlemen. What pictures do much faster and clearer than any hours of the pundits.

2008 Sep 13 02:29 PM