20130301 Moving Average Breadth

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20130301 Moving Average Breadth

What a week.  Started with a brutal reversal then spent the rest of the week recovering.  Hard to tell where we go from here, but there was certainly marks left in the breadth figures.  That said, the damage is still shorter term in nature,  it certainly could usher in more pullback.  Another scenario is the strong prevailing trend overrides the breadth weakness and takes us back to highs.  If the latter happens it will be worth looking for divergences in the 20sma and 50sma windows for signs that we might be ready for the larger correction everyone is looking for right here.

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

3-1-2013 Total Universe with SPYNext I split the universe into 10 custom broad sector indexes

3-1-2013 Consumer DiscretionaryConsumer Discretionary (325)

3-1-2013 Consumer Staples

Consumer Staples (91)

3-1-2013 Energy

Energy (132)

3-1-2013 Financials

Financials (316)

3-1-2013 Health Care

Health Care (199)

3-1-2013 Industrials

Industrials (252)

3-1-2013 Materials

Materials (148)

3-1-2013 Technology

Technology (338)

3-1-2013 Telecom

Telecom (24)

3-1-2013 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.