OK, I can’t end the day without just one more post. It’s a simple one, and one which applies to the market as a whole. I’ll leave them to your own interpretation (except for my always handy tip to click the danged thing for a bigger version). Here is $BIGSUM, which is the cumulative advance/decline line for U.S. stocks:
![slopechart BIGSUM](https://slopeofhope.com/wp-content/uploads/2022/03/slopechart_BIGSUM-640x346.jpg)
And here is the chart of the percentage of stocks above their 200-day moving average which, understandably, has been eroding for many months but, it seems clear, has far from bottomed out.
![slopechart SPX MA](https://slopeofhope.com/wp-content/uploads/2022/03/slopechart_SPX200MA-640x346.jpg)