Market Breadth
"After last week's and today's rally, 81% of the stocks in the S&P 500 are back above their 50-day moving averages. While the index is having trouble breaking above its 200-day, underlying breadth has not been an issue. Both big rallies since the start of October have now seen much larger than normal stock participation, which is something the bulls can hang their hats on."
According to Bespoke, the sectors with the best breadth are Energy, Financials, Industrials, Materials and Utilities. Sectors that are weaker include Health Care and Telecom.
Link: Bespoke: Sector Breadth
*Long ETFs related to the S&P 500 in both client and personal accounts. Long certain energy, financial, industrial material, utility and healthcare ETFs in certain client and certain personal accounts.
posted by CR English at 8:30 AM
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