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Sector Breadth: Percentage of US Stocks Above Their 150 day (30 Week) Moving Averages

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Average: 42.24% (+7.58% 2wk)

  • 1 sector in (Strong) Stage 2 zone (Financials)
  • 4 sectors in (Neutral) Stage 1 / 3 zone (Energy, Industrials, Real Estate, Consumer Discretionary)
  • 6 sectors in (Weak) Stage 4 zone (Technology, Communication Services, Basic Materials, Consumer Staples, Utilities, Health Care)

Sample Size: 5111 stocks

The percentage of US stocks above their 150 day moving averages in the 11 major sectors increased by +7.58% since the previous post on the 6th November 2023, with a continued strong rebound that began in the lower zone, and so is a continued positive change for this contrarian breadth indicator.

Sector changes: The sectors in the Stage 2 zone (Strong – above 60%) was unchanged at 1 (but there was a change of sectors). The sectors in the Stage 1 / 3 zone (Neutral – 40% to 60% range) increased from 1 to 4, and the number of sectors in the Stage 4 zone (Weak – below 40%) decreased from 9 to 6.

Sector Breadth Table – Ordered by Relative Strength

The table below shows the short-term changes in the Percentage of US Stocks Above Their 150 day Moving Averages

Sector Breadth Charts (Members Only)

Below is the charts for the 11 sectors showing back to late 2018. Which gives a very clear picture of the overall health of each sector and the market as a whole.

(Technology chart shown as an example for non-members – Sample size: 801 stocks from the Technology sector, which is the second largest group)

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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.