Sp500 daily bias

Screening Filters

1. PriceAboveMA5:

• Purpose: Identify stocks trading above their 5-day moving average.
• Rationale: This captures very short-term strength and near-term momentum. If the S&P 500 is showing a daily bullish bias, constituents or related stocks trading above the 5-day average are more likely to reflect that immediate upside tone.

2. PriceAboveMA20:

• Purpose: Identify stocks trading above their 20-day moving average.
• Rationale: This adds a slightly broader short-term trend filter. It helps confirm that the move is not just a one-day bounce, but part of a more established upward bias over the past several weeks.

3. MACD bullish:

• Purpose: Detect positive momentum and trend confirmation.
• Rationale: A bullish MACD signal suggests momentum is improving and the short-term trend is stronger than the longer-term trend. This is useful for gauging whether the market’s daily bias is leaning upward.

Why Results Match:

• The user is asking about the daily bias of the S&P 500, which is essentially a question about short-term directional momentum.
• The combination of price above short-term moving averages and a bullish MACD is a standard way to screen for stocks that are aligned with a positive near-term market tone.
• Together, these filters focus on securities that are:
  • trading above recent trend benchmarks,
  • showing momentum confirmation,
  • and therefore more consistent with a bullish daily bias in the broader market.