20131004 Moving Average Breadth

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20131004 Moving Average Breadth

Interesting week to say the least.  I can’t really pick a clear winner.  The bears did gain a few yards, but so far have yet to capitalize on these opportunities and we don’t know yet if this time will be any different.  All this as the markets remain within a few percentage points of the highs.  The breadth readings are in no man’s land right now so either side could seize control but my overall read would be it is still the bulls to lose.

I will continue to post both the $SPY and custom index for a few weeks, but will probably drop the $SPY version eventually.

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

10-4-2013 Total Universe with SPY

Universe Composite Index

10-4-2013 Universe

Next I split the universe into 10 custom broad sector indexes

10-4-2013 Consumer Discretionary

Consumer Discretionary (325)

10-4-2013 Consumer Staples

Consumer Staples (91)

10-4-2013 Energy

Energy (132)

10-4-2013 Financials

Financials (316)

10-4-2013 Health Care

Health Care (199)

10-4-2013 Industrials

Industrials (252)

10-4-2013 Materials

Materials (148)

10-4-2013 Technology

Technology (338)

10-4-2013 Telecom

Telecom (24)

10-4-2013 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)
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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.