FYI:
Below is a look at our trading range screen for the S&P 500 and its ten sectors. As shown, the S&P 500 is just below its 50-day moving average — essentially at the flat-line. Six sectors are currently below their 50-days, while four are above. The Industrials sector has fallen off a cliff over the last week and moved into extreme oversold territory. Consumer Discretionary and Health Care, on the other hand, remain overbought. So while the S&P 500 as a whole is neutral, there has been a lot of sector divergence recently.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/sp-500-breadth-of-stocks-above-50-day-moving-averages/
