RE: Market Breadth Update
The majority of sectors had a small rebound this week with the exception of Basic Materials which continued to fall and Utilities which had a strong rebound. However, all sectors remain below their 10 week moving averages in a downtrend on a sell signal currently for this medium term measure, but still mostly in the upper middle bull normal range, with the exception of Basic Materials which is firmly in Bearish territory.
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.
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.