20121130 Moving Average Breadth
Markets continued higher most of the week without much rest pushing many if the shorter breadth measures back to highs. This these measures add to evidence in the short term a pullback is getting more likely
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 .
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