50 Leaders - Bullish Percent Readings
Last week (Fri, 9/10/09):
No. of Stocks above 10-Day SMA: 32 (64%)
No. Of Stocks above 50-Day SMA: 42 (84%).
No. Of Stocks above 150-Day SMA: 43 (86%).
This week (Fri, 16/10/09):
No. of Stocks above 10-Day SMA: 39 (78%)
No. Of Stocks above 50-Day SMA: 44 (88%).
No. Of Stocks above 150-Day SMA: 48 (96%).
On Thursday, 15/10/09:
No. of Stocks above 10-Day SMA: 45 (90%)
No. Of Stocks above 50-Day SMA: 45 (90%).
No. Of Stocks above 150-Day SMA: 48 (96%).
On Thursday, we also saw the extraordinary event where 20 of the 50 Leaders made New 20 Day Highs.
These figures are just too high.
The last time we saw figures like the Thursday ones, the market went down about 2.5%. The probabilities this time are similar – or it could be the start of even more carnage.
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