Minutes Digest for Feb 09 2021

The number of issues trading above their respective 200-day moving average for all exchange issues crossed above 90% on 2/8/21. Jason and I have discussed the high level of members trading above the 200-day moving average for several indices, but this is an infrequent event for all exchange issues given the large number of stocks in the calculation. The current total contains over 9000 securities. We've heard the term "The Everything Bubble" in the media. I think it's safe to say that this is "The Everything Uptrend".

Let's take a look at the historical chart and performance results.

Historical Chart

Performance Results

The table below confirms what we've seen in several other studies with this indicator. The long-term outlook looks healthy.