RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Sectors that are showing up, based on momentum
I screen using a database of my own. I tag stocks, sometimes manually and sometimes with sector constituent information I've managed to download when I find a usable source. I've just run a screen based on momentum, the slope of a moving average and recorded the number of times a sector / tag has been hit. This produces the table below. The first number is the number of stocks that passed through the filtering (upward slope etc) and the percentage, the percentage this number is compared to the sector (tag) size. This explains why pharmaceuticals and biotechs are not showing up in my breadth charts. Though there are a number of good movers the sectors are large so the relative percentage is low. I need to go a deeper dig into specifics, but this might be a guide.
Tag (sector etc) , No., % of tags
Food Chains , 4, 36 %
Consumer goods , 9, 27 %
Consumer Staples , 9, 27 %
Packaged Foods , 5, 15 %
Investment Managers , 3, 14 %
NASDAQ100 , 8, 9 %
Information Technology , 4, 8 %
Biotechnology: Biological Produc, 6, 7 %
Healthcare , 5, 7 %
Consumer Non-Durables , 10, 5 %
S&P500 , 22, 5 %
Business Services , 3, 4 %
Computer Software: Prepackaged S, 5, 4 %
SP100 , 4, 4 %
Telecommunications Equipment , 4, 4 %
Russell_1000 , 33, 4 %
Medical/Dental Instruments , 3, 3 %
Miscellaneous , 3, 3 %
Russell 3000 , 69, 3 %
Consumer Discretionary , 6, 2 %
Health Care , 16, 2 %
russell2000 , 36, 2 %
Consumer Services , 14, 2 %
Technology , 11, 2 %
Real Estate Investment Trusts , 4, 2 %
Utilities , 4, 2 %
Pharmaceuticals & Biotechnology , 10, 2 %
Major Pharmaceuticals , 4, 1 %
Finance , 5, 1 %