20120921 Moving Average Breadth
This weeks we saw some corrective action in many sectors short term measures that spilled slightly into the total universe. The slippage was slight and shows the underlying strength of these markets as there are no breakdowns this week. Even Utilities started improving some after getting whacked recently. It still looks very supportive of this rally if you ask me.
First the Total universe of 1960 companies posted over the $SPY
Next I split the universe into 10 broad sectors
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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