S&P500 - Profound Problems vs Positive Postures

In our February S&P500 article here, we noted that Finviz showed:

• 64% of stocks above their 200 day MA
• 58.8% are above the 50 day MA

Those results have since deteriorated to: 

• 59.8% above the 200 day MA 
• 35.6% above the 50 day MA

Benchmark's daily S&P500 trend is negative but all other higher primary time frame trends are still in a positive posture.

Similarly, lesser known indexes have this daily record. Click to enlarge.

Bear Market or Crash - Oh Really?

Calling for an imminent bear market or crash any day now (in this time frame setup) ranks right up there with Myths, Moonshots & Moonshine or Mayan Mayhem.

A technical bear market cannot begin without a minimum negative weekly trend being present and that event has not yet occurred. Theoretically, it could occur by the end of May but requires more evidence.

In Summary

Yes, there are profound valuation problems everywhere but positive time frame postures take precedent. 

Let's see what happens between now and the end of May. All else is speculation.

4/27/24