20121207 Moving Average Breadth

  • 0

20121207 Moving Average Breadth

The broader markets performed decent this week considering the circumstances.  We needed to digest the run, the question was how would we do it? Sideways or down? Constructive or not?  Well if you look at price alone, the $IWM and $SPY look pretty good as they move more sideways.  Then there is the $QQQ trying to pull things down.  So price is mixed.  Then we look at breadth measures which continued to improve this week during the digestion which is what you want to see.

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

Health Care

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.

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

About Author

Tommy

is a Chartered Market Technician (CMT) and Certified Financial Planner (CFPr) in Greensboro Georgia (Outside Atlanta). Founding partner of Barber Lackey Financial Group, LLC, a Registered Investment Advisor. However, this blog is not affiliated with BLFG and does not make recommendations to buy sell or hold any securities.

Archives

Categories