In today’s Chart of the Day sent to all of our subscribers, we take a look at an extremely high breadth reading that registered for the S&P 500 last Friday and what it means for the market in the days and months ahead.  As of Friday’s close, 89% of stocks in the S&P 500 were above their 50-day moving averages.  Is this bullish or bearish for the near and long-term outlook for stocks?

To continue reading our Chart of the Day, enter your info below and start a free Bespoke research trial.  During your trial, you’ll also receive access to our model stock portfolios, daily market alerts, and weekly Bespoke Report newsletter.