I’ve been waiting a long time to add this one, but it’s finally here. Look what we’ve added to the fundamentals portion of the Statistics panel in SlopeCharts:
Premium members (which I encourage you to become) can now get an up-to-date plot of the percentage of S&P 500 stocks which are above their 15, 30, 50, 100, or 300-day moving averages. This can yield helpful insights. Below, for example, is the 200-day average, clearly showing how the overall breadth of the past decade has been diminishing over time, with each thrust higher yielding a smaller and smaller percentage of stocks that are truly strong.