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

Average: 34.31% (-16.88% 2wks)

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

The Percentage of US Stocks Above Their 150 day Moving Averages in the 11 major sectors has dropped significantly since the previous post of the 6th March 2023, decreasing by -16.88% to 34.31% overall, which moves the overall average into the lower third, which is the Stage 4 zone.

Sector changes: The sectors in the Stage 2 zone (Above 60%) has deceased from 2 to 0. The sectors in the Stage 1 / 3 zone (40% to 60% range) has deceased from 7 to 4, and the number of sectors in the Stage 4 zone (Below 40%) has increased from 2 to 7.

The table below shows the short-term change since Friday 10th March. Energy and Financials had the biggest declines over the last week, and have both dropped deep into the Stage 4 zone with only around 20% of stocks in each group above their 150 day / 30 week MAs. Whereas, defensive sectors Utilities and Consumer Staples have had the highest percent moves in the last week. 

Sector Breadth Table – Ordered by Relative Strength

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)

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