Sector Breadth: Percentage of US Stocks Above Their 150 day (30 Week) Moving Averages

Average: 59.38% (+5.59% 2wk)

• 6 sectors in Stage 2 zone (Energy, Industrials, Financials, Real Estate, Technology, Consumer Discretionary)
• 4 sectors in Stage 1 / 3 zone (Basic Materials, Utilities, Consumer Staples, Communication Services)
• 1 sector in Stage 4 zone (Health Care)

Sample Size: 5171 stocks

The Percentage of US Stocks Above Their 150 day Moving Averages in the 11 major sectors has improved by +5.59% over the last few weeks since the previous post on the 17th July 2023, moving the overall average up to 59.38%, which is at the top of the Neutral+ zone / borderline of the Bullish zone, with the majority of sectors in the Stage 2 zone (above 60%).

Sector changes: The sectors in the Stage 2 zone (Above 60%) increased from 3 to 6. The sectors in the Stage 1 / 3 zone (40% to 60% range) decreased from 7 to 4, and the number of sectors in the Stage 4 zone (Below 40%) was unchanged at 1.

Sector Breadth Table – Ordered by Relative Strength

The table below shows the short-term changes in the Percentage of US Stocks Above Their 150 day Moving Averages

Sector Breadth Charts (Members Only)

Below is the charts for the 11 sectors showing back to late 2018. Which gives a very clear picture of the overall health of each sector and the market as a whole.

(Technology chart shown as an example for non-members – Sample size: 810 stocks from the Technology sector, which is the second largest group)

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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.