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
New Total Universe Custom Index
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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