The chart below measures the percentage of high relative strength stocks that are trading above their 50-day moving average (universe of mid and large cap stocks.) As of 10/5/10.
The 10-day moving average of this indicator is 93% and the one-day reading is 95%. After pulling back to the middle of the distribution in August, this index has risen sharply in recent weeks and continues to hold its ground at the top of its range.
