US Industry Sectors Breadth
There was three status changes this week in the sector breadth charts with two sectors (Financials and Health Care) moving back above their 10 week weighted MA and Utilities moving below it's 10 week weighted MA. Overall it was mostly an up week with 7 of the 9 sectors rising, but Basic Materials continued to decline, and dropped below it's 50% level. Industrials remains the strongest sector followed by Financials which have both been consistently outperforming so far this year.
So overall it remains very mixed in the sectors with a slight bullish bias still, but with over half of the sectors in the overbought zone currently.
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.