US Industry Sectors Breadth
It was a mostly down week for the individual sectors breadth with 7 of the 9 sectors with more stocks declining below their 150 day MA than were rising above it. There was no big moves in any of the sectors, but 4 of the 9 went to a sell signal as they closed below their 10 week MAs - which I use as the signal line. So as you can see on the sector visual diagram the picture is looking a lot more toppy with slightly more negative sectors than bullish sectors and the majority still trading in the higher risk zone.
Industrials remains the strongest sector, with the weakest sector still Basic Materials, which has continued to decline this week to near it's 50% level.
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.
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