FYI: At one point during the day yesterday, the percentage of stocks in the S&P 500 trading above their 50-day moving averages dipped down to 39%. Had this breadth measure closed at 39%, it would have been the first time the reading closed below 40% in 198 trading days dating back to November 4th, 2016. A small late-day rally into the close saved the streak yesterday, but entering today the reading is sitting right at 40%. The streak will most likely end with a decline of any magnitude for the S&P today.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/sp-500-breadth-streak-could-end/
