Sunday, April 7, 2013 EST

The percentage of stocks under the 50 day moving average is moving toward bearish territory. The percentage of stocks over the 200 day moving average is still in the buy zone but moving lower.  Keep an eye on this indicator if it remains below 50 the market may have moved into a distribution phase.

Click here to see the interactive version of the chart below.


percentage of stocks under 50 day moving average