[isatrader]

One more thing is that the Percentage of Stocks above their 150 day MA's is a chart to determine the health of the market, whereas to see the relative performance versus the market of the major sectors, then you need to view the Mansfield RS table that I post in the Stan Weinstein thread, as that uses the Mansfield readings that we use to determine relative performance in Weinstein's method with the Mansfield zero line.

It only covers the stocks in the sectors ETFs - so mostly S&P 500 stocks, and so has a smaller sample size, but is very useful. See the attached latest Mansfield RS relative performance table of the 9 sectors in order of relative strength. And as you can see Health Care is leading, followed by Consumer Discretionary and then Technology.




So you need to use both sets of data, as they give you different types of information. For example the Percentage of Stocks above their 150 day MA's tells you about how many stocks in the sector are participating, and so how healthy the sector is, and the Mansfield relative strength readings in the above table tell you about the relative strength of the sector. So you can see that the Consumer Discretionary sector for example has healthy participation of 64.68% and strong relative performance versus the S&P 500, as the Mansfield RS reading is at 5.338. Whereas Financials has the best participation of 73.88%, but it's relative performance only has a Mansfield reading of 0.314, and hence is only just slightly above it's zero line and thus performing inline with the S&P 500 in the medium term.