20121214 Moving Average Breadth

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20121214 Moving Average Breadth

So last weeks Breakouts turned into back tests, well actually the $QQQ never even broke out.  Let’s see how it looks under the hood.

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

12-14-2012 Total Universe with SPYNext I split the universe into 10 broad sectors

12-14-2012 Consumer Discretionary

Consumer Discretionary

12-14-2012 Consumer StaplesConsumer Staples

12-14-2012 Energy

Energy

12-14-2012 Financials

Financials

12-14-2012 Health Care

Health Care

12-14-2012 Industrials

Industrials

12-14-2012 Materials

Materials

12-14-2012 TechnologyTechnology

12-14-2012 Telecom

Telecom

12-14-2012 UtilitiesUtilities

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)
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.

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