Only 1.1% Of US Stocks Are In Clear Uptrends

Posted on April 23, 2009 at 07:50 AM EDT

As regular readers know, I put much stock (no pun intended) in the alignment of the S&P 500 Index (^GSPC) and four of its moving averages: the 60-, 90-, 180- and 300-day MAs. Nearly a year ago in “Precursor to a Healthy Bull Market” (May 2, 2008), when we were all so innocent ...

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