Exclusive graphic of the 104 Dow Jones Industry Groups showing the Percentage of Stocks Above Their 30 Week Moving Average in each group visualised as a Bell Curve chart – inspired by the Sector Bell Curve work by Tom Dorsey in his Point & Figure book...
The current median distribution is at 30.10%.
The graphic gives a unique perspective of the relative strength of each individual group by using the percentage of stocks above their 30 week MA in each group in a similar way that I do with the sector breadth chart that post each month – see the recent Market Breadth Update post to compare.
The scale is the same from 0% to 100%, but the chart is laid out horizontally instead of vertically to mimic the appearance of a bell curve – A bell curve is a graph depicting the normal distribution, which has a shape reminiscent of a bell.
It's coloured coded it so that each sector can also be seen visually at a glance.
See the previous US Industry Groups Bell Curve post for a direct comparison, to see the change in the bell curve position.
Comparison Versus the Previous Chart
There's been a 10.10% drop in the overall average distribution in the last week, which can be seen clearly by comparing the two charts, with the move left for a large amount of groups and now 79 of the 104 groups in the Stage 4 zone (i.e. below 40%).
104 Industry Groups – Sorted by Relative Strength
Below is the data tables with all 104 Industry Groups - ordered by Percentage of Stocks Above 30 week MA. Energy groups continue to dominate at the top of the table, while Consumer Discretionary makes up the majority of the lower extreme.
Percentage Change – Sorted by Strongest to Weakest
The vast majority of groups have seen declines in. the last week with only the Nondurable Household Products and Defense groups gaining. While Materials, Financials and Real Estate groups saw some of the biggest declines.
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.