The S&P 500 (SPY) ETF is up 5.48% since last Thursday’s close.  Below we provide a boatload of charts and tables highlighting where equity markets currently stand.  If you’d like even more in-depth coverage of markets with Bespoke commentary and analysis included, start a 14-day free trial to our paid research if you have yet to do so, or go ahead and sign up for one of our subscription services now.  Enjoy!

keyetfs0217

Even after a 5%+ rally, the S&P 500 and four of ten sectors remain below their 50-day moving averages.  Check out Energy, though.  The sector has moved back above its 50-day (for the first time since December 2nd).

sectorranges

The S&P 500 remains down 5.7% year-to-date, but six of ten sectors are outperforming, including Energy which is now down just 3.6% YTD.  The three defensive sectors remain the only sectors in the black for the year, while Financials is down by far the most at -11.8%.

secotrytd

Looking at underlying breadth, 97% of Utilities stocks are above their 50-days, with Consumer Staples the next closest at 76%.  Financials, Health Care and Technology have the longest road to recovery.

sectorsabove50d

Below is a chart showing the percentage of S&P 500 stocks above their 50-days over the last year:

spx50d021716

And our trading range screen for the 30 Dow stocks:

Note that more stocks are now overbought (7) than oversold (6).

dow300217

Finally, below is our trading range screen for the 30 largest country ETFs traded on U.S. exchanges.  Notably, just 3 of 30 remain oversold after a majority were oversold a week ago.

countryetfs0217

Print Friendly, PDF & Email