US Industry Sectors Breadth
Last weeks very negative week saw a modest recovery this week with all the sectors closing higher for the week. However, only three managed to get back above their 10 week WMA to move back onto the buy side, and so the signals remain slightly weighted to the bearish side with five sectors on a sell and four sectors on a buy.
The biggest mover of the week was Consumer Discretionary up 3.74% to 71.77% of stocks in that sector above their 150 day MA. Overall Financials (79.47%) remains the strongest sector and Basic Materials (41.58%) the weakest.
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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