As The Stock Market Rises, The Foundation Is Cracking

The number of stocks above their 50-day moving average in the S&P 500 is at 91.6%. The number of stocks in the total stock market above their 50-day moving average is 58.4%. The difference between the two is at its widest ever.

Meanwhile, the number of stocks above their 200-day moving average in the S&P 500 is at 96.6%, while the number of stocks in total above their 200-day moving average is at 82.5%. Certainly, not its widest spread ever, but very much at the low end of the range.

Anyway, something to think about over the week; I don’t have the answers, I am just sharing some observations.

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Disclosure: Michael Kramer and the clients of Mott Capital own AAPL.

Disclosure: Mott ...

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