Supply Data and Helicopter Money

p stocks: He says 84% of S&P 500 stocks are now above their 50-day moving average, and 74% are above their 200-day moving average, arguing that an even better omen, according to Market Watch. That metric got as high as 77.8% in April, though the 80% level hasn't been seen since December 2014, says Nicholson. With regards to market breadth, it looking good, according to IG Angus Nicholson. For the latter to happen, the S&P would need to break above 2,200 first, he says. Japan was quashing talk about helicopter money overnight, but it could be oil prices that upset investors, with prices ticking lower this morning and nervousness building ahead of supply data later. But that may be a tall order for Wednesday as markets appear to be taking a breather. (news.financializer.com). As reported in the news.