20121207 Moving Average Breadth

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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



Health Care






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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About Author


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.