US Industry Sectors Breadth
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.
It was another strong week with eight of the nine sectors up. The strongest five being Technology, followed by Basic Materials, then Health Care, Consumer Discretionary and Industrials. Six of the nine sectors are now in bull territory above 60%, Industrials is only 0.7% below that at 59.30%, and Basic Materials Continues to improve, up to 46.60% this week.
The overall weakest is still Energy at only 15.19%, and so using the Market Breadth signals as defined by Investors Intelligence, whose founder Abe Cohen, created the NYSE Bullish Percentage in 1955. This sector is still not of interest until it moves back above the key 30% level. But it's one to watch for, for when it does.
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.