20131206 Moving Average Breadth

06
Dec 13
0

20131206 Moving Average Breadth

The markets took a hit to start December after closing out another strong month, but the bears couldn’t hold the ball long as the markets started to stabilize around mid week and ended strong on Friday. Looking at the breadth charts below, not a whole lot of damage was done in most important sectors, so a challenge of the highs looks likely and very possibly more. Stay tuned.

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.

If you like what you see, follow me on StockTwits or Twitter.

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

The information set forth herein was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy. Neither the information, nor any opinion expressed constitutes a solicitation by us of the purchase or sale of any securities or commodities. I or my affiliates may hold positions or other interests in securities mentioned in the blog. Full Disclaimer

There is no guarantee that the views expressed in this communication will become reality, Investing in the stock market involves risk and potential loss of principal, Investment strategies should be thoroughly researched and understood before implementing and none of this should be construed as a recommendation

20131206 Moving Average Breadth

Dec 13

0