The recent decline in the S&P 500 Index has resulted in the percentage of stocks trading above their 50-day moving average to decline to 38%. This is down from over 85% just a few months ago. The percentage trading above their 150-day moving still remains elevated at 80%: however, the market's recovery on Thursday and Friday last week pulled these percentages higher and could be indicative of a continued recovery in the market.
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| From The Blog of HORAN Capital Advisors |
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| From The Blog of HORAN Capital Advisors |
Investors need to be mindful that these are simply technical indicators and support for the market is around 1,230 for the S&P 500 Index.
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| From The Blog of HORAN Capital Advisors |
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