20121221 Moving Average Breadth

21
Dec 12
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20121221 Moving Average Breadth

The week started off well negating last weeks worries and once again soured mid-week. At least that is what happened for the $SPY and $QQQ, but $IWM continued to provide leadership and that shows in this weeks charts as most are holding up well. One things to point out is the drop off in the Consumer sectors this week, Especially the defensive Staples. This could be the rotation we want to see.

First the Total universe of 1898 companies posted over the $SPY

Next I split the universe into 10 broad sectors

Consumer Discretionary (325)

Consumer Staples (91)

Energy (132)

Financials (316)

Health Care (199)

Industrials (252)

Materials (148)

Technology (338)

Telecom (24)

Utilities (73)

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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20121221 Moving Average Breadth

Dec 12

0