[isatrader]

Below is the Percent of Stocks Above their 150 Day Moving Average table in each sector, which is ordered by overall health. Also attached is the visual diagram of the 9 sectors and the two major exchanges that make up the sectors that shows a snapshot of the overall health of the US market.

Note: the overall sector average is at 53.49% currently and gained +10.52% since last week, with industrials, technology, energy and consumer discretionary having the largest gains. Utilities still has the highest percent of stocks above their 150 Day Moving Averages, but Technology continues to strengthen and has now moved back above the key 60% level, with 65.53% of technology stocks now above their 150 Day Moving Averages. So on a breadth basis alone, the tech sector is back in Stage 2 territory, although the tech sector index chart is only in Stage 1A still. But that is likely due to how the index chart is made up, as it's weighted towards bigger stocks like AAPL, which is underperforming the sector massively. But these Percent of Stocks Above their 150 Day Moving Average are all given an equal weighting, as the only thing that matters is if the stock is above the 150 day MA or not.

So for the market to get back to Stage 2 overall we need to see the Defensive sectors moving down the table and being overtaken by the Cyclical stock sectors. So in a healthy Stage 2 market Consumer Staples and Utilities would be at the bottom of the table. With Technology,Consumer Discretionary, Financials etc near the top of the list. So, we are continuing to see improvements in the Cyclical stock sectors, but the Defensive sectors are still in positions 1 and 3 in the table for now.