20131122 Moving Average Breadth

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Nov 13
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20131122 Moving Average Breadth

Another solid week by the bulls fighting off the bears attacks to close at new highs once again. The daily volatility we have been seeing is the healthy rotation that continues into new names and out of previous leaders. As I have been saying all year, it doesn’t matter where in the markets the money rotates to as long as it doesn’t start leaving altogether; and we are not seeing that at this point.

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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20131122 Moving Average Breadth

Nov 13

0