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?
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