Stock Market Trading & Investing Analysis

Online Trading Breadth Based Sector Performance

Ralph May 10th, 2008

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If you’d like a copy of our FREE weekly sector performance report covering over 270 specific sectors of the market and occasional insights from us please leave us your name and email address in the form below …

Last weekend we called for consolidation and testing of supports in the indexes and that’s exactly what we got. The most obvious play to exploit was the energy down/transports up pattern to reverse. This pattern showed up (as it has many times in the past) so magnificently in the FREE Sector Performance report, it was just begging to reverse. Looking ahead to next week we see a resumption of the uptrend as most likely with the point of reckoning being the sma200 for most indexes. It would be best to clearly blast through the sma 200 next week to convert it to new support. Otherwise there will be much more waffling around, aka consolidation.

Breadth for the market overall last week was in the range of -20% which is almost a mirror image of last week’s +25%. Clearly the broadest buying was in Energy and Metals & Mining … the broadest selling, a much more densely populated portion of the free report (showing the consolidation and testing of supports last week) was in Homebuilders, Retail, Financials, Utilities, Transports, Software, Real Estate and on and on… The free report will give you all the detail you need.

We invite you to learn more about the huge advantage breadth analysis gives you as a trader or investor. As you can see in the table above we track 11 Major US Stock Market Indexes and Averages, 23 important Exchange Traded Funds (ETF’s) and all of the widely followed Hemscott Financial Data North American Industry Groups.

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Good Trading!