20131213 Moving Average Breadth

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20131213 Moving Average Breadth

Another week of volatility further weakening the breadth measures below.  It still looks to be a short to intermediate move at this point, but the divergences and lack of amplitude is something to keep an eye on.  There are only a few areas showing extremes so far so that leaves the door open for more correction, but we are at levels that we need to be watching closer for reversals when we are in a major uptrend like this one.  The end of the year tends to be bullish, but it is not a lock.  So, enjoy the holidays and your family and don’t press to hard either way for now.

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

12-13-2013 Total Universe with SPY

Universe Composite Index

12-13-2013 Total Universe with SPY

Next I split the universe into 10 custom broad sector indexes

12-13-2013 Consumer Discretionary

 Consumer Discretionary (325)

12-13-2013 Consumer Staples

Consumer Staples (91)

12-13-2013 Energy

Energy (132)

12-13-2013 Financials

Financials (316)

12-13-2013 Health Care

Health Care (199)

12-13-2013 Industrials

Industrials (252)

12-13-2013 Materials

Materials (148)

12-13-2013 Technology

Technology (338)

12-13-2013 Telecom

Telecom (24)

12-13-2013 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.