20130118 Moving Average Breadth

19
Jan 13
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20130118 Moving Average Breadth

Markets closed another week near their highs with $IWM and $SPY making new highs for the move as well. There was even enough strength this week to buck the trend of a down January Opex week. So, the question is was it for broad enough? let’s see

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

Next I split the universe into 10 custom broad sector indexes

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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20130118 Moving Average Breadth

Jan 13

0