[isatrader]

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 NYSE Percentage of Stocks above their 150 day Moving Averages line chart.



The remaining three stronger positive sectors turned negative this week, with strong percentage moves down in most sectors. Industrials remained the strongest however with only a small sell off by comparison, but the rest of the sectors were hit quite hard with an additional 10.05% of Consumer Staples stocks falling below their 150 day moving averages. Basic Materials remains the weakest sector at 47.58% of stocks above their 150 day moving averages and is the first to drop below the 50% level into the bearish half of the scale, with Utilities not far behind at 52.38%. But although moving lower overall the rest of the sectors remain in the upper mid range on the bullish side of the scale for the time being, and so unless we see more sectors closing below the 50% level into bearish territory I'd give the sector breadth a Neutral- rating currently.