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 1/28/14.
The one-day reading of this index recently hit a low of 41% on 1/27/14. The 10-day moving average is 72% and the one-day reading is 49%. Dips in this index have often provided good opportunities to add to relative strength strategies.
