20130531 Moving Average Breadth

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20130531 Moving Average Breadth

Markets continued to flounder this week.  Neither side seemed to want control bad enough to take it.  All the while the breadth figures continued to rollover a bit.  We are starting to get to some levels that are testing the short term resolve of the rally.  It is worth a caution flag to watch and see how this progresses.  That said, the longer term averages still look very strong in most cases.

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

5-31-2013 Total Universe with SPY

Next I split the universe into 10 custom broad sector indexes

5-31-2013 Consumer Discrectionary

Consumer Discretionary (325)

5-31-2013 Consumer Staples

Consumer Staples (91)

5-31-2013 Energy

Energy (132)

5-31-2013 Financials

Financials (316)

5-31-2013 Health Care

Health Care (199)

5-31-2013 Industrials

Industrials (252)

5-31-2013 Materials

Materials (148)

5-31-2013 Technology

Technology (338)

5-31-2013 Telecom

Telecom (24)

5-31-2013 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.