[isatrader]

This week saw more big moves in the individual sectors with Utilities being hit particularly hard with an over -20% move. But no sector escaped the selling and all had reasonably large moves lower as stocks broke below their 150 day moving averages, and the last hold out which was Technology last week, moved to a sell signal to put all nine of the sectors on sell signals. But note that they are still mostly in the upper mid ranges of their scales currently - as can be seen clearly on the visual diagram.

Remember as we've mentioned previously the NYSE percentage of stocks above their 150 Day moving average has a strong correlation with Weinstein's proprietary Stages Surveys that measure the amount of stocks in Stages 1 and 2. And he mentioned on the November interview that a move from the upper range to below the 50% in his Stages Surveys is an indication that the market is moving into Stage 4, so at the current levels we are getting closer to that, but are not quite there yet. So from these internals I'd surmise that the majority are currently in Stage 3, and that we need to be alert to the possibility of them moving into Stage 4.

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.