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 two-week free 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 trading above their 50-day moving averages by sector. For each sector, we show current breadth levels versus where they were one week ago. As you can see, breadth for the entire S&P 500 has fallen slightly since last week, but the majority of the decline has come from big drops for two sectors — Energy and Communication Services. Other sectors like Technology and Financials have actually seen breadth strengthen since last week.
To find out what this means and 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 two-week free trial to our Bespoke Premium package now. Here’s a breakdown of the products you’ll receive.