bruce123

Percentage of Stocks Above 50-Day Moving Averages Shows Market Strength

I do not see any tradable value to this information. I'd rather look at the bullish percent index at stockcharts.com. This site shows the bullish percent of Nasdaq 100 is 40%, S&P 100 is 55%, S&P 500 is 48%, Dow 30 is 53%, Finance is 54%, Utilities is 40% etc. So, where is the value of the 50-day moving average if only a few of these stocks are in the bullish arena?