20121123 Moving Average Breadth

24
Nov 12
0

20121123 Moving Average Breadth

The short holiday week was not short on action. One argument is to not put much weight in this week due to the low volume. That might be right, but In my experience you can get a sneak attack that reverses trends when no one is looking. This week the breadth figures show the participation looks good so far.

First the Total universe of 1960 companies posted over the $SPY

Next I split the universe into 10 broad sectors

Consumer Discretionary

Consumer Staples

Energy

Financials

Industrials

Materials

Technology

Telecom

Utilities

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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20121123 Moving Average Breadth

Nov 12

0