US Industry Sectors Breadth
It was a very strong week in the individual sectors with the remaining three sectors moving back to a buy signal and a number of sectors breaking into new territory in the upper range of the chart. Most notably in this was Technology which hasn't reached the upper zone since I've been doing these updates. So with six sectors above the 70% level now, this is the most overbought the visual diagram has been for a very long time.
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.