The Percentage of US Stocks Above Their 150 day Moving Averages in the 11 major sectors has improved over the last month since my previous post on the 11th October when it was starting to rebound from lowest reading of the year at 14.76% on the 30th September...

The regular members weekend video discussing the market, industry groups, market breadth and individual stocks from the watchlist in more detail.

The members midweek video discussing the market, sector breadth, short-term market breadth and individual stocks from the watchlist in more detail...

The Percentage of US Stocks Above Their 150 day Moving Averages in the 11 major sectors has declined by a further -10.27% over the last three weeks since the last sector breadth post, and is currently at 18.90%, which is one of the lowest readings of the year to date...

The Percentage of US Stocks Above Their 150 day Moving Averages in the 11 major sectors declined by -9.98% over the last week to close the week at 29.17%, which is back in the lower range in the Stage 4 zone. Only the Utilities and Energy sectors are in the 40% to 60% range in the Stage 1 / Stage 3 zone. However, no sectors are currently above 60%, and so there are no sectors currently in the Stage 2 zone...

There has been steady improvement in the Percentage of US Stocks Above Their 150 day Moving Averages over the last 5 weeks since I produced the sector breadth diagram and table, with a +15.91% improvement over the period and a few more sectors moving into the Stage 1 zone (40% to 60% range), and one sector moving into the Stage 2 zone (above 60%)...

The Stage Analysis members weekend video begins with a focus on the Solar Group following this weeks climate spending deal, plus earnings results in multiple stocks in the group which caused a Stage 2 breakout attempt in the group on strong relative volume...

The Stage Analysis members weekend video starts this week with a focus on the Semiconductors group, as around 1/4 of the group are reporting earnings in the coming week, and have shown strong relative strength since the start of the month, rising back up the relative strength rankings and and industry group bell curve.

Exclusive graphic of the 104 Dow Jones Industry Groups showing the Percentage of Stocks Above 30 week MA in each group visualised as a Bell Curve chart – inspired by the Sector Bell Curve work by Tom Dorsey in his Point & Figure book....

The Sector breadth table has deteriorated further through June as it currently sits at 22.95%, but it did get down to a new 2022 low of 15.78% on the 17th June. So it has improved by +7.17% over the last two weeks...