20130222 Moving Average Breadth
The equity markets were hit harder this week than we have seen since the year began. This of course brought out all the top calls, but luckily we have data to go by instead of talking heads. As I stated Thursday, the short term 20sma reading took a hit, the longer term moving averages are holding pretty well. Friday ushered in a rebound which is also good to see in the data to gauge which areas are still showing stronger buying interest on the dip. I think this is worth a little extra study time this week.
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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