BREAKING: Only 25% of S&P 500 stocks are now trading above their 50-day moving average, the lowest proportion since April 2nd.
This marks a rapid deterioration from the 70% recorded in mid-August.
This is also the 2nd-lowest reading since the April 2025 "Liberation Day" market sell-off.
Furthermore, just 47% of stocks are trading above their 200-day moving average, the lowest level since April 2nd.
On Monday, new 52-week lows on the NYSE outnumbered new highs for the 10th consecutive trading day and in 14 of the last 15 trading sessions.
Market breadth is rapidly deteriorating.
(@TheKobeissiLetter)
Post #112670
27
Forwarded from The Kobeissi Letter
