20130412 Moving Average Breadth

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Apr 13
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20130412 Moving Average Breadth

What a recovery this week. As I mentioned last week I was not too worried about the action so far with the backdrop of strength we have been seeing. New Highs on the larger cap indexes, but the small caps have yet to confirm so don’t let divergences surprise you at the moment. That said, keep an eye on the overall strength or weakness. This week showed a good bit of strength until Friday.

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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20130412 Moving Average Breadth

Apr 13

0