US Industry Sectors Breadth
There was numerous changes this week for the first time this year with four more sectors moving below their 10 week MAs. Consumer Staples, Technology, Energy, Health Care all move to a sell signal and so the market is very mixed with four sectors still green and five now red.
Financials and Industrials remain the strongest sectors with over 80% of their stocks above their 150 day moving averages whereas Health Care and Basic Materials are the weakest sectors with only 55.94% and 52% of their stocks above their 150 day moving averages.
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 overall NYSE Percentage of Stocks above their 150 day Moving Averages, plus the 1% P&F chart and line chart of the nine sectors.
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.