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

Average: 34.66% (+10.13% 2wk)

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

Sample Size: 5126 stocks

The percentage of US stocks above their 150 day moving averages in the 11 major sectors increased by +10.13% since the previous post on the 23rd October 2023, with a strong rebound from the lower zone up through the key 30% level. Which is a positive change for this contrarian breadth indicator. 

Sector changes: The sectors in the Stage 2 zone (Strong – above 60%) was unchanged at 1. The sectors in the Stage 1 / 3 zone (Neutral – 40% to 60% range) increased from 0 to 1, and the number of sectors in the Stage 4 zone (Weak – below 40%) decreased from 10 to 9.

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: 801 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.