FYI: A few weeks ago we did a post on the tight range that breadth has been in all year. For more than 130 trading days, the percentage of stocks in the S&P 500 trading above their 50-day moving averages had been between 30% and 80%. After market losses to start the second half of the year, breadth has broken lower. As shown below, just 27% of stocks in the S&P 500 are currently above their 50-day moving averages — the lowest point reached since the October 2014 Ebola scare.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/breadth-breaks-down/
