More than half of S&P 500 stocks were reportedly below their 200-day average on September 28
Barchart said the index was closer to its 52-week high than its low, and claimed the only other time this combination occurred was during the dot-com bubble. A separate post said the S&P 500 fell 0.8% at the start of the week.
TLDR
On September 28, Barchart said more than 50% of S&P 500 stocks were trading below their 200-day moving average, even though the index was closer to its 52-week high than its low. It claimed the only other time this occurred was during the dot-com bubble. A separate post said the Dow fell 0.7%, the S&P 500 fell 0.8% and the Nasdaq fell 0.9% at the start of the week.
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