[pcabc]

ISA, I'm looking at creating a ranking within amibroker for sector strength. would you recommend using this as a basis for comparison?
so looking at the results this week, we'd be saying its better to get into utilities or financials right now, so long as the sector too was basing or in a stage 2?

What the Percentage of Stocks above their 150 day MAs Sector chart shows is the overall health of the stocks in each sector. What it doesn't show is the relative performance of that sector compared to the market. So although utilities has been the healthiest sector since October, it's not necessarily been the strongest compared to the S&P 500.

So in order to beat the market I'd recommend creating a ranking based on the Mansfield RS numbers, as that will tell you which sectors are outperforming the market.

I used to do it in the old days on here when I had the custom software to do it. So look back at the start of the thread here: https://stageanalysis.net/forum/showthre...d=13#pid13

I create a ranking by measuring the slopes of the 50 day and 150 day SMAs and ranking based on the sum of those two slopes:
   

I don't see the need to use the Mansfield Relative Strength as you are ranking all of them against the same market index, so the strongest would be the strongest irrespective what you use as a baseline.

It is interesting that the percentage above the MA and the relative strengths of the sectors versus one another differ.  I'm have thought that the percentages above the MAs would lead, but I can see that in your graphs.  I wonder which of the two is most useful, or is it a combination of both?  Or perhaps just a strengthening of the relative strength as the percentage above the MA moves out of oversold?

I've calculated, based on 69 financial stocks, a financials breadth chart:
   

Notes:

1. 150 day SMA has just turned upwards.
   
2. Advance / decline line is making a new high.
   
3. Advance / declining volumeis on its 50 day MA after a recent high.
   
4. Momentum indicator is +ve.
   
5. New highs minus new lows is +ve.
   

Interesting things to note: