FYI: The recent market rally has left 71% of stocks in the S&P 500 above their 50-day moving averages, and just three sectors have breadth readings below the broad market's reading -- Energy at 14%, Materials at 46.7% and Consumer Discretionary at 65.5%.
Utilities and Consumer Staples -- both defensives -- have the highest breadth readings. 93.3% of Utilities stocks are above their 50-days.
It's good to see sectors like Financials, Industrials and Tech back to "better-than-market" breadth levels. Be careful out there in the near-term, though. It's tough to sustain readings in the high 80s for long periods of time.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/10/31/sp-500-sector-breadth.html?printerFriendly=true
