20130719 Moving Average Breadth
As equity indexes continue to make new highs, the breadth is confirming and at in many cases. Not much to say about it this week, the charts can tell the story. Okay, one note…While everyone talks about technology lagging, my price weighted custom index has been making highs. Plenty of Tech doing well.
First, the Total universe of 1898 companies posted over the $SPY
Next I split the universe into 10 custom broad sector indexes
Consumer Staples (91)
Health Care (199)
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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