SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Vitas who wrote (33792)11/17/1998 6:03:00 AM
From: Monty Lenard  Respond to of 94695
 
Hi Vitas, This is quick and dirty. More detail in the spreadsheet but just too much to try to put on SI.

I see the number of issues over their 10 & 20 day simple ma's starting to decline again while the indices move up! Since these are short ma's they can change pretty quick but on 10/28/98 the % over their 20 dSMA was 58.6% with the S&P at 1068 vs 52.7% today with the S&P at 1136. The 10 dSMA is worse ...10/28/98 52.7% vs today 38.2%.
(This is based on 7943 stocks I scan)

Now, on 4/21/98 S&P at 1130 with 82.4% of the 500 securities above their 200 dSMA vs today with the S&P at 1136 with 47.8% above their 200 dSMA.

What am I missing here???

Monty