AI
| Followers | 689 |
| Posts | 143817 |
| Boards Moderated | 35 |
| Alias Born | 03/10/2004 |
Monday, July 16, 2018 9:11:32 AM
Number of Groups Above 200-DMA on the Rise
By: Bespoke Investment Group | July 16, 2018
When it comes to measuring market trends, one often used method of determining whether an index or security is in an intermediate to long-term uptrend or downtrend is to see whether or not it is trading above or below the 200-day moving average. The chart below tracks the percentage of S&P 500 Industry Groups trading above their 200-DMA over the last few years, and after a relatively sharp decline from well over 90% earlier this year, we’ve seen a strong rebound. In fact, just Friday, the percentage topped 80% for the first time since late February.
The table below lists each of the 24 S&P 500 Industry groups along with their YTD percent change as well as where each one is trading relative to its 200-DMA. Topping the list as of Friday’s close is Retailing, which is up over 30% on the year and is now more than 20% above its 200-DMA. Besides Retailing, the only other Industry Group more than 10% above its 200-DMA is Software & Services (13.32%), and the only other Industry Groups up over 10% on the year are Software & Services, Health Care Equipment & Svcs, and Tech Hardware. To the downside, not a single Industry Group is currently trading more than 5% below their 200-DMA, and only two are down more than 10% YTD (Household & Personal Products and Telecom Services). That compares to seven Industry Groups that are trading above their 200-DMA
https://www.bespokepremium.com/think-big-blog/number-of-groups-above-200-dma-on-the-rise/
• DiscoverGold
By: Bespoke Investment Group | July 16, 2018
When it comes to measuring market trends, one often used method of determining whether an index or security is in an intermediate to long-term uptrend or downtrend is to see whether or not it is trading above or below the 200-day moving average. The chart below tracks the percentage of S&P 500 Industry Groups trading above their 200-DMA over the last few years, and after a relatively sharp decline from well over 90% earlier this year, we’ve seen a strong rebound. In fact, just Friday, the percentage topped 80% for the first time since late February.
The table below lists each of the 24 S&P 500 Industry groups along with their YTD percent change as well as where each one is trading relative to its 200-DMA. Topping the list as of Friday’s close is Retailing, which is up over 30% on the year and is now more than 20% above its 200-DMA. Besides Retailing, the only other Industry Group more than 10% above its 200-DMA is Software & Services (13.32%), and the only other Industry Groups up over 10% on the year are Software & Services, Health Care Equipment & Svcs, and Tech Hardware. To the downside, not a single Industry Group is currently trading more than 5% below their 200-DMA, and only two are down more than 10% YTD (Household & Personal Products and Telecom Services). That compares to seven Industry Groups that are trading above their 200-DMA
https://www.bespokepremium.com/think-big-blog/number-of-groups-above-200-dma-on-the-rise/
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
