US Industry Sectors Breadth
Stockcharts made changes this week and expanded the amount of components in each sector to include the OTC markets. I can't find a way to get rid of these completely, so I've added an additional filter of a market cap of greater than 50 million to get the number of components back to a similar level as previously. It's not a perfect solution however, but it is fairly close; so this weeks figures have had slightly larger moves as a consequence, which I wanted to make people aware of.
So the sectors are now made up of all the US stocks with a market cap of greater than 50 million, which this weeks represents 4441 stocks - with the largest weighting in Financials at 22.6%, Consumer Discretionary at 15.6% and Technology at 11%.
Below is the data table for the Percent of Stocks Above 150 Day Moving Average in each sector which I've ordered by relative strength, with the highest to the lowest percentage in each sector. Also attached is the visual diagram of the 9 sectors and the NYSE Percentage of Stocks above their 150 day Moving Averages line chart.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.