I only can see this statistics for the past 3 years, but any reading over "90%" is extreme, and at yesterday's print of 93% either this market has matched recent records or perhaps slightly surpassed. Other than a few days in August & September 2009, and April 2010 we have not been in this level of the stratosphere. "Everyone is a winner".
[click to enlarge]
If you are curious who the lovable losers are - per a screen on Finviz.com here are the dirty 7% (35 stocks):
ADBE, AEP, AKAM, AN, AXP, BAC, BBT, CL, CRM, CTXS, DPS, ETR, FLIR, GME, HCBK, IRM, ISRG, LMT, MDT, MON, MTB, NRG, OI, PHM, PNC, PRU, QEP, SLM, TSN, TYC, URBN, VMC, WY, X, ZMH
(interesting to note that 3 of the names are 'cloud' stocks - once the momo fans return to this group perhaps we can get closer to 95%+)
Thursday, October 14, 2010
Percent of S&P 500 Stocks Over 50 Day Moving Average Flirting with Recent Records
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Mark
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Percent of S&P 500 Stocks Over 50 Day Moving Average Flirting with Recent Records
2010-10-14T09:15:00-04:00
Mark
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Percent of S&P 500 Stocks Over 50 Day Moving Average Flirting with Recent Records
2010-10-14T09:15:00-04:00
Mark
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