Moving Average Trends
% is stocks in strong uptrends (breadth measure)
* More sectors in strong downtrends than uptrends
* only 2 sectors with > 75% of stocks in sector in strong uptrends – XLE XLU
* Moving Average Trends thrust – SPX bullish thrust on March 24th
* NDX is at oversold levels
* XLU and XLP – only sectors with > 75% of stocks in sector outperforming SPX the last 21 days
* More sectors in strong downtrends than uptrends
* only 2 sectors with > 75% of stocks in sector in strong uptrends – XLE XLU
* Moving Average Trends thrust – SPX bullish thrust on March 24th
* NDX is at oversold levels
* XLU and XLP – only sectors with > 75% of stocks in sector outperforming SPX the last 21 days
mat index/sector
index mat ***
spx/ndx – u3% d3%
rs sectors 21d
disclosure