US Industry Sectors Breadth
It was big week in the sector breadth charts, with all nine moving strongly higher, which I don't remember happening this year yet. So there was broad participation in the continuation moves in the US markets.
Five of the sector reversed to buy signals this week, and so seven of the nine sectors are now on positive in the upper portion of the range. So while it shows strength across the majority, more of the sectors are in the higher risk zone again.
Financials and Industrials remain the strongest sectors with 82% of their stocks above their 150 day moving averages, whereas Energy and Basic Materials are the weakest with only 57.63% and 55.02% 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.