The unexpected 3 day week had to throw things off a little, but we still have three days data with a few fireworks. The indexes didn’t make any headway this week; however some of the breadth figures did. The question is will it be enough, or did Fridays smack down put us back to square one?
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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(All market data above are derived from Stockcharts.com, Esignal, and Reutersdatalink)
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