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US Industry Groups Bell Curve – Exclusive to Stage Analysis

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 17.5%.

The 104 Dow Jones Industry Groups 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 Sector Breadth: Percentage of US Stocks Above Their 150 day (30 Week) Moving Averages 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.

I last posted the US Industry Groups Bell Curve back at the end of April, so you can view that post to see a direct comparison of what has changed over the last few months, which has been a big shift to the left of the bell curve with 95% of the groups below 40% in the Stage 4 zone with the median distribution currently at 17.5%.

Comparison Versus the Previous Chart

There's been a -12.6% drop in the overall average distribution since the end of April, with 99 of the 104 groups (95%) in the Stage 4 zone. So it's at an extreme reading with the vast majority of groups in the Stage 4 zone and zero groups in the Stage 2 zone. So watch which groups start to strongly rise back up the bell curve, as they will be areas to potentially focus on for new leadership once the market moves back into Stage 1 and eventually Stage 2 once more.

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 no longer dominates, with the groups scattered in the lower end of the  curve now. But Materials has taken the biggest hit with multiples groups from that sector below the extreme 5% level.

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