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 5/29/12.
This index has snapped back after reaching a low of 15% on 5/18/2012. The 10-day moving average is now 33% and the one-day reading is 49%. Dips in this index have often provided good opportunities to add to relative strength strategies.
