Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Bio
X •  LinkedIn
 

  A Snapshot of Moving Averages
Posted Under: Broader Stock Market
Supporting Image for Blog Post

 
View from the Observation Deck  
  1. In today's post, we are showing the percentage of stocks in some major U.S. stock indices that are trading above their respective 50-Day and 200-Day moving averages.
  2. Moving averages tend to smooth out day-to-day price fluctuations and can be a useful tool for traders to identify both positive trends and reversals, in our opinion.
  3. On 5/13/19, the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices closed 4.55%, 8.47% and 14.90%, respectively, below their all-time highs, according to Bloomberg.  
  4. The percentage of stocks in the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices trading above their 50-Day moving averages on 5/14/19 were 42%, 40% and 39%, respectively.
  5. The percentage of stocks in the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices trading above their 200-Day moving averages on 5/14/19 were 57%, 45% and 38%, respectively.
  6. The percentage of stocks trading above their 50-Day moving average by S&P 500 sector ranged from 24% (Energy & Health Care) to 71% (Utilities). 
  7. The percentage of stocks trading above their 200-Day moving average by S&P 500 sector ranged from 24% (Energy) to 93% (Utilities).
  8. Sharp sell-offs in the broader major stock indices like yesterday's create buying opportunities, in our opinion. 
This chart is for illustrative purposes only and not indicative of any actual investment. The illustration excludes the effects of taxes and brokerage commissions and other expenses incurred when investing. Investors cannot invest directly in an index. The S&P 500 Index is an unmanaged index of 500 stocks used to measure large-cap U.S. stock market performance, while the 11 major S&P 500 Sector Indices (Real Estate was added as the 11th major sector in 2016 but data is not available for this chart) are capitalization-weighted and comprised of S&P 500 constituents representing a specific sector. The S&P MidCap 400 Index is a capitalization-weighted index that tracks the mid-range sector of the U.S. stock market. The S&P SmallCap 600 Index is a capitalization-weighted index that tracks U.S. stocks with a small market capitalization.

Download a PDF of this post, please click here.
Posted on Tuesday, May 14, 2019 @ 2:17 PM • Post Link Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS
Market Commentary and Analysis
Market Commentary Video
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
Interest is 3x More Expensive than Earnings
U.S. Major Stock Indices Have Outperformed Their Foreign Counterparts Since Trump Was Elected
Top-Performing S&P 500 Index Subsectors in 2019
A 10-Year Snapshot Of Sector Mutual Fund Flows From Retail Investors
How Bonds Have Fared Since 7/8/16
Consider The Potential Opportunity Costs Before You Sell In May And Go Away!
A Snapshot of Crude Oil Production (U.S. vs. OPEC)
How Some Major Equity Indices Have Fared In The Recent Correction And Recovery
The Losses Sustained In The Recent Correction Nearly Fully Recouped
A Snapshot of Growth vs. Value Investing
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2024 All rights reserved.