Jan 21, 04:10 PM

S&P 500 Nears All-Time Highs, 1.3% Away; 60% of Stocks Above 200-Day MA, Net A/D at 330

The S&P 500 index is approaching all-time highs, currently sitting just 1.3% below its peak. As of January 21, 2025, 60% of S&P 500 stocks are trading above their 200-day moving average, marking the highest level in over a month. The market is experiencing a notable bullish trend, with the S&P 500 rebounding off its 50-day moving average and showing signs of continued upward momentum. Additionally, the breadth of the market has improved significantly, with over 68% of S&P 500 components rising for six consecutive days, which is the longest such streak recorded. The net advance-decline figure for January 22, 2025, reached 330, the highest for the month.

Written with ChatGPT (GPT-4o mini).