20131220 Moving Average Breadth

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20131220 Moving Average Breadth

You shouldn’t be so quick to lose faith in Santa it seems.  After being soft the last couple of weeks, it was a good thing we went on watch last week just in case. It was that scenario that worked out.  Short term breadth got low enough while intermediate readings went to neutral and longer term didn’t really react much.  That is corrective action at its best. Now we are heading back higher with breadth and volume expanding this week in most all areas

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

12-20-2013 Total Universe wSPY

Universe Composite Index

12-20-2013 Universe

Next I split the universe into 10 custom broad sector indexes

12-20-2013 Consumer Discretionary

 Consumer Discretionary (325)

12-20-2013 Consumer Staples

Consumer Staples (91)

12-20-2013 Energy

Energy (132)

12-20-2013 Financials

Financials (316)

12-20-2013 Health Care

Health Care (199)

12-20-2013 Industrials

Industrials (252)

12-20-2013 Materials

Materials (148)

12-20-2013 Technology

Technology (338)

12-20-2013 Telecom

Telecom (24)

12-20-2013 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.