20130125 MA Breadth

25
Jan 13
0

Another solid week put in by the equity indexes. Many looking for a pullback and some even for a major reversal here. I don’t see it. Pullback maybe, but this breadth is very strong and there are very few divergences to be found. The custom price weighted indexes are also moving higher swiftly.

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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20130125 MA Breadth

Jan 13

0