20130621 Moving Average Breadth

22
Jun 13
0

20130621 Moving Average Breadth

This week did the job in getting us closer to oversold on the shorter measures. Now is when we see how much we test the larger structure. I have to admit, I did not give this scenario enough weight recently. It just goes to show, the markets don’t care what I think. It should be a message to you that we haven’t seem much damage in the longer term moving averages. This could change, but for now that structure is holding up well.

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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20130621 Moving Average Breadth

Jun 13

0