We’ve just released our weekly Sector Snapshot report (see a sample here) for Bespoke Premium and Bespoke Institutional members. Please log-in here to view the report if you’re already a member. If you’re not yet a subscriber and would like to see the report, please start a 14-day trial to Bespoke Premium now.
Below is one of the many charts included in this week’s Sector Snapshot, which shows the percentage of stocks in each sector that are trading above their 50-day moving averages. As shown, within the broad S&P 500, 52.4% of stocks are now above their 50-DMAs. Five sectors have readings above this level, and five have readings below this level. Utilities actually has the strongest breadth with 71.4% of stocks above their 50-days, but Technology is right on its heels at 70.1%. Telecom has the weakest reading with 0 stocks above their 50-days. It can’t get worse than that!
To see our full Sector Snapshot with additional commentary plus six pages of charts that include analysis of valuations, breadth, technicals, and relative strength, start a 14-day free trial to our Bespoke Premium package now. Here’s a breakdown of the products you’ll receive.