20130726 Moving Average Breadth

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20130726 Moving Average Breadth

The chatter got louder this week as the markets hit a little speed bump, but seemed to be recovering by the end of the week.  The breadth picture is giving back a little, but still looks strong.  This week I will be adding a new chart.  It is a custom index of the entire universe I use for the breadth readings.  I have been using the $SPY as a proxy, but now have a price weighted index to match the sectors. For now I will still post the $SPY, so let me know if which you like better.

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

7-26-2013 Total Universe with SPY

New Total Universe Custom Index

7-26-2013 Total Universe

Next I split the universe into 10 custom broad sector indexes

7-26-2013 Consumer DiscretionaryConsumer Discretionary (325)

7-26-2013 Consumer Staples

Consumer Staples (91)

7-26-2013 Energy

Energy (132)

7-26-2013 Financials

Financials (316)

7-26-2013 Health Care

Health Care (199)

7-26-2013 Industrials

Industrials (252)

7-26-2013 Materials

Materials (148)

7-26-2013 Technology

Technology (338)

7-26-2013 Telecom

Telecom (24)

7-26-2013 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
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

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.