20130628 Moving Average Breadth

30
Jun 13
0

20130628 Moving Average Breadth

Markets found a springboard this week to end the quarter, but it wasn’t enough to get them back in a safe zone. Many of the breadth charts have moved down enough and bounced off levels that could end the pullback; but buyers have to show up to make that happen. Summer is a tough time to expect a lot from either side, but this one it is more important to the trend that at least a few buyers show.

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.

If you like what you see, follow me on StockTwits or Twitter.

(All market data above are derived from Stockcharts.com, Esignal, and Reutersdatalink)

The information set forth herein was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy. Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. I or my affiliates may hold positions or other interests in securities mentioned in the blog. Full Disclaimer

There is no guarantee that the views expressed in this communication will become reality, Investing in the stock market involves risk and potential loss of principal, Investment strategies should be thoroughly researched and understood before implementing and none of this should be construed as a recommendation

20130628 Moving Average Breadth

Jun 13

0