The Financial sector broke back above its 50-day moving average today, leaving just one more of the ten sectors still below its 50-day — Health Care. But Health Care is right on the cusp of a break back above its 50-day as well, which you can see in our trading range screen of the ten sectors below. The black vertical “N” line represents each sector’s 50-day moving average.
Below are one-year Bespoke trading range charts of the S&P 500 and its ten sectors. While all but one sector is back above its 50-day, the majority of them remain in longer-term downtrends. Consumer Staples, Telecom and Utilities — all defensives — are the only sectors not in downtrends.
If you’re interested in sector analysis, we cover these charts plus more in our weekly Sector Snapshot due out tomorrow.