20130322 Moving Average Breadth

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20130322 Moving Average Breadth

A flat week for the majors this week with the exception of $IWM which leaked out .62%.  It seemed like a whole lot of work to me for that to be the results.  Neither side could really get an edge in the chop fest and both have compelling stories as to what will happen next.  It is always good to consider all possibilities.  As for the breadth figures, they were flat to a bit down in most areas agreeing with the price churn.  One notable is still Materials which is the weakest sector here and is trying to rollover here.  Price still has not followed, so this could easily just be a pause.  Overall we remain in a strong breadth structure with divergences right now, watching for more severe weakness before any major adjustments.

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

3-22-2013 Total Universe with SPYNext I split the universe into 10 custom broad sector indexes

3-22-2013 Consumer DiscretionaryConsumer Discretionary (325)

3-22-2013 Consumer Staples

Consumer Staples (91)

3-22-2013 EnergyEnergy (132)

3-22-2013 Financials

Financials (316)

3-22-2013 Health Care

Health Care (199)

3-22-2013 Industrials

Industrials (252)

3-22-2013 Materials

Materials (148)

3-22-2013 Technology

Technology (338)

3-22-2013 Telecom

Telecom (24)

3-22-2013 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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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.