KirkLindstrom.com - Articles2013 - Percentage of NYSE Stocks Above 200 & 50 DMAs Improves 
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NYSE Stocks Above Moving Averages 
" The Percentage of NYSE Stocks Above their 200 & 50 DMAs "
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July 2, 2013:  These charts from John Murphy1 show the percentage of NYSE stocks above their 200 and 50 day moving averages (DMAs on the charts) has started to bounce of greatly oversold levels that in the past marked major trading bottoms.   Murphy concludes the message of the markets is bullish. 

As part of today's (Tue, Jul 2 2013 1:12 PM ET) "Market Message," John Murphy wrote:
PERCENT NYSE STOCKS ABOVE MOVING AVERAGES IMPROVES... Chart 15 plots the Percent of NYSE stocks trading above their 50-day averages. The blue line recent plunged from overbought territory over 80% to oversold territory near 20%. And it is starting to improve. That's usually how stock corrections end. I'd like to see it climb above its mid-June peak at 55% to confirm that upturn. The red line in Chart 16 plots the Percent of NYSE stocks above their 200-day averages. The line fell to 53% during June before rebounding back over 60%. The red line remains above a rising trendine drawn under its 2012 lows. It would have to break that support line to signal a bigger stock market downturn. Right now, the major trend is still up....
            Trading will probably drop off over the rest of the week. Stocks close at 1:00 (NYT) tomorrow (Wednesday), and are closed for the the Fourth of July on Thursday. Friday should also see lighter volume. The summer seasonal pattern turns a bit more positive during July, which may give the market a boost next week. Have a happy and safe Fourth of July.
Links for live charts for the Percent of NYSE stocks trading above their 200 and 50-day moving averages

                Percent of NYSE stocks trading above their 50-day averages
PERCENT NYSE STOCKS ABOVE MOVING AVERAGES
Percent of NYSE stocks trading above their 200-day averages
PERCENT NYSE STOCKS ABOVE MOVING AVERAGES


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Note 1.  Source: The StockCharts.com Market Message at http://stockcharts.com/members/analysis/20130702-1.html
 
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