20121221 Moving Average Breadth

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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

12-21-2012 Total Universe with SPY

Next I split the universe into 10 broad sectors

12-21-2012 Consumer DiscretionaryConsumer Discretionary (325)

12-21-2012 Consumer Staples

Consumer Staples (91)

12-21-2012 Energy

Energy (132)

12-21-2012 Financials

Financials (316)

12-21-2012 Health Care

Health Care (199)

12-21-2012 Industrials

Industrials (252)

12-21-2012 Materials

Materials (148)

12-21-2012 Technology

Technology (338)

12-21-2012 Telecom

Telecom (24)

12-21-2012 Utilities

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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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.