20130705 Moving Average Breadth

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20130705 Moving Average Breadth

The short holiday week was full of fireworks, just not here in the US.  While the rest of the globe was having bottle rocket wars, our markets seemed more like a well choreographed light show designed to please the onlookers.  Equities started the week with a gap higher, danced their way through the middle to end with a grande finale like run higher into Friday’s close.  The volume was slow, but the show was definitely worth seeing. I especially liked the improvement in so many of the breadth readings.  Of course, I am talking equities here, bonds were determined to get in on the bottle rocket wars and they paid the price.

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

7-5-2013 Total Universe with SPY

Next I split the universe into 10 custom broad sector indexes

7-5-2013 Consumer DiscretionaryConsumer Discretionary (325)

7-5-2013 Consumer Staples

Consumer Staples (91)

7-5-2013 Energy

Energy (132)

7-5-2013 Financials

Financials (316)

7-5-2013 Health Care

Health Care (199)

7-5-2013 Industrials

Industrials (252)

7-5-2013 Materials

Materials (148)

7-5-2013 Technology

Technology (338)

7-5-2013 Telecom

Telecom (24)

7-5-2013 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)
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
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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.