20130531 Moving Average Breadth

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May 13
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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

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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20130531 Moving Average Breadth

May 13

0