20131018 Moving Average Breadth

20
Oct 13
0

20131018 Moving Average Breadth

Seems like things kicked in gear this week after Washington stopped hogging all the attention and earnings too the podium. As usual there were winners and losers on the earnings front, but the markets is treating most of the important ones as winners. It was a great week for all the major indexes and most sectors as we see below. The breadth was strong all week showing the rally was definitely broad based.

Don’t forget to check out the new weekly feature Probing The Universe

I have decided to leave the $SPY chart on just to give a comparison to the universe.

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

Universe Composite 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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(All market data above are derived from Stockcharts.com, Esignal, and Reutersdatalink)

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20131018 Moving Average Breadth

Oct 13

0