20120921 Moving Average Breadth

22
Sep 12
0

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.

If you like what you see, follow me on StockTwits or Twitter.

(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. I or my affiliates may hold positions or other interests in securities mentioned in the blog. Full Disclaimer

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

20120921 Moving Average Breadth

Sep 12

0