US Sector Breadth
It's been three months since I last did the individual sector breadth calculations, and a lot has changed. So, below is the visual diagram of the 9 sectors and the two major exchanges that make up the sectors that shows a snapshot of the overall health of the US market and the data table of the sectors which is ordered by overall health.
This weeks data was calaculated from a total of 8147 stocks in the US market, and so covers over 16 times as many stocks as the S&P 500 does. And hence gives a true unweighted snapshot of the US market condition currently.
Note: the overall sector average is currently at 23.95% which is in oversold territory. However, with the moving average breadth charts the buy signals come only when there is a strong move back through above the key 30% level, as it can stay in oversold territory for a long time as when stocks breakdown into Stage 4, they often have sharp collapses as people panic sell, which takes them well below their 30 week moving average, and so it can take a long time for them to get back above it again.
Below is how many stocks that are in each sector:
Basic Materials: 561 stocks (6.89%)
Energy: 740 stocks (9.08%)
Financials: 1857 stocks (22.79%)
Industrials: 904 stocks (11.10%)
Technology: 1231 stocks (15.11%)
Consumer Staples: 306 stocks (3.76%)
Utilities: 335 stocks (4.11%)
Health Care: 990 stocks (12.15%)
Consumer Discretionary: 1223 stocks (15.01%)
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.