20131129 Moving Average Breadth

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Nov 13
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20131129 Moving Average Breadth

Broad and strong most of the week. a little rest Friday when no one was at work. Looking through the sectors we got strength in all the right places and it pushed through the week. In some cases the breadth improved more than price which is also encouraging. I certainly expect some give and take in December, but no reason here to look for excessive weakness just ahead.

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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20131129 Moving Average Breadth

Nov 13

0