20130208 Moving Average Breadth

09
Feb 13
0

20130208 Moving Average Breadth

Another week where the markets close on the highs, but we are certainly is seeing increased volatility. The trend is showing a little fatigue in some areas that have run the hardest. The question is will another sector or two step up and take the baton here? We even see some softening in the 20sma measures, but the strength is still impressive and the fact the bear raids keep getting thwarted is a message in itself.

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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20130208 Moving Average Breadth

Feb 13

0