20130208 Moving Average Breadth

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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

2-8-2013 Total Universe with SPYNext I split the universe into 10 custom broad sector indexes

2-8-2013 Consumer DiscretionaryConsumer Discretionary (325)

2-8-2013 Consumer Staples

Consumer Staples (91)

2-8-2013 Energy

Energy (132)

2-8-2013 Financials

Financials (316)

2-8-2013 Health Care

Health Care (199)

2-8-2013 Industrials

Industrials (252)

2-8-2013 Materials

Materials (148)

2-8-2013 Technology

Technology (338)

2-8-2013 Telecom

Telecom (24)

2-8-2013 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.