20120907 MA Breadth

08
Sep 12
0

As I alluded to in a quick post on Thursday, the market moves this week were accompanied by broadening breadth. The charts below look to me like they fully support the breakout moves we saw this week.

All three moving averages cleanly broke to new highs this week.

There are some impressive moves this week. A closer review should provide a good starting place for your weekend review. Nice to see Utilities continue to lag while Health Care continues to exude strength.

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.

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(All market data above are derived from Stockcharts.com, Esignal, and Reutersdatalink)

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20120907 MA Breadth

Sep 12

0