US Industry Sectors Breadth
It was a big week in the sector breadth charts with a lot of sectors making strong moves downwards. Five sectors changed to a sell signal, to make a total of eight down sectors and only one up sector. The sector breadth visual diagram that shows all the sectors together highlights the negative change when you compare to last week with a number of sectors moving boxes, which doesn't happen that often as each box represents 10% in size.
The biggest faller this week was the weakest sector Basic Materials, but the overall strongest sectors took a big hit as well with Industrials and Financials dropping large amounts also. Only Utilities managed a small gain on the week, showing there was some rotation to defensive stocks and not complete liquidation across the board. But it was a heavy down week and so the weighting for this breadth measure has tilted to the Bear side now.
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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