Below, courtesy of the Statistics data panel in SlopeCharts, are a series of indicators that represent the percentage of stocks above their own moving averages. To my eyes, this is absolutely screaming “massive dead cat bounce” and not, as the mainstream media would have you believe, “the buying opportunity of your lifetime.”
% of stocks above their own 200-day moving average% of stocks above their own 100-day moving average% of stocks above their own 50-day moving average% of stocks above their own 15-day moving average
