US Industry Sectors Breadth
It's been a couple of weeks since my last update of the Percent of Stocks Above 150 Day Moving Averages in each major sector, when the market was at it's most oversold state of the year. The last few weeks however have seen some big changes with 8 of the 9 sectors moving to a sell signal in the upper middle range of the chart.
The only sector to buck the overall trend is basic materials which moved to a buy signal on the 9th and continued higher this week.
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.
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