Percent of stocks above the 200 day moving average is a breadth indicator and is confirming the major uptrend in the S&P 500 Index.
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Percent of stocks above the 200 day moving average is a breadth indicator and is confirming the major uptrend in the S&P 500 Index.
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Intermediate downtrend for the TSX Index and trading below the 200-day simple moving average
Reference the last chart analysis for the TSX Index.
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TSX Index down 146 points today with oil, metals and gold leading the plunge.
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Reference the last chart analysis for the TSX Index showing the percent of stocks above the 50-day moving average.
Market News: TSX falls; BlackBerry jumps to 1-year high on arbitration win
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“Technical Analysis is about putting the probabilities on your side.”
Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
© 2017 TradeOnline.ca
The following weekly chart goes back to 2011 and shows the percent of TSX stock above the 200-day moving average. To sustain a bull market, the percent needs to be above 50% and trending up or consolidating. At the present time, this indicator looks good.
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“Technical Analysis is about putting the probabilities on your side.”
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
© 2017 TradeOnline.ca
Have a great trading day. Any questions? Email [email protected]
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
© 2017 TradeOnline.ca
Have a great trading day. Any questions? Email [email protected]