20120810 MA Breadth
Looking under the hood in my universe of approximately 1960 stocks (no closed end funds or ETFs) broken into 10 sectors. The equity markets seem to beholding up well, but the rotation is also becoming more apparent here.
These are custom indexes so you cannot invest directly in them, but there are plenty of ETFs available for each sector. For me personally this is another form of relative strength, just with a broader lens .
Good Luck! It is there for you to make.
follow me @gtlackey on Twitter, StockTwits and Chartly
(All market data above are derived from Stockcharts.com, Esignal, and Reutersdatalink)
The information set forth herein was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy. Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities.
There is no guarantee that the views expressed in this communication will become reality. Investing in the stock market involves risk and potential loss of principal. Investment strategies should be thoroughly researched and understood before implementing and none of this should be construed as a recommendation.
