There were 2 sector bullish percent charts that reversed up into a column of Xs over the past week, while the bullish percent for leisure (^BPLEIS) was the only sector to reverse down into Os.
SECTOR BULLISH PERCENT CHANGES
| Reversed to X | Reversed to O |
|---|---|
| 2 (BPFORE | 56), (BPSTEE | 62), |
1 (BPLEIS | 54), |
| To Xs | To Os |
|---|
Average Level
54.36
| Sector |
|---|
| Oil (20%) - Bear Confirmed |
| Oil Service (18%) - Bear Confirmed |
| Sector |
|---|
| Aerospace Airline (42%) - Bear Correction |
| Banks (40%) - Bear Correction |
| Biomedics/Genetics (46%) - Bear Correction |
| Drugs (42%) - Bull Confirmed |
| Utilities / Gas (30%) - Bull Alert |
| Savings & Loans (44%) - Bull Alert |
| Waste Management (50%) - Bull Confirmed |
| Sector |
|---|
| Gaming (50%) - Bear Alert |
| Leisure (54%) - Bear Confirmed |
| Telephone (50%) - Bull Correction |
SECTOR INDICATOR CHART CHANGES
PT is the percentage of stocks within a sector that are trading above their bullish support lines. RSX is the percentage of stocks within a sector whose relative strength charts are in a column of Xs. RSP is the percentage of stocks within a sector whose relative strength charts are on a buy signal. The strongest sectors, i.e. market leaders, will have most of these indicators positive and moving higher in a column of Xs.
|
There were mostly PT charts rising this week, with 8 rising and 1 moving lower. The following sector charts rose: Autos and Parts [^PTAUTO]-Rev. , Banks [^PTBANK]-Rev. , Building [^PTBUIL], Electronics [^PTELEC], Utilities/Electricity [^PTEUTI]-Rev. , Machinery and Tools [^PTMACH]-Rev. , Metals Non Ferrous [^PTMETA], Savings & Loans [^PTSAVI]. The following sector chart fell: Oil Service [^PTOILS]. There were 4 that reversed to X. |
|
| ^PT Charts Reversing Up - | ^PT Charts Reversing Down - |
|
|
|
| ^PT Charts Moving Higher - | ^PT Charts Moving Lower - |
|
|
|
There were mostly RSX charts rising this week, with 17 rising and 1 moving lower. The following sector charts rose: Business Products [^RSXBUSI], Chemicals [^RSXCHEM]-Rev. , Drugs [^RSXDRUG], Electronics [^RSXELEC]-Rev. , Finance [^RSXFINA]-Rev. , Food Beverages/Soap [^RSXFOOD]-Rev. , Healthcare [^RSXHEAL], Household Goods [^RSXHOUS], Internet [^RSXINET], Media [^RSXMEDI]-Rev. , Protection Safety Equipment [^RSXPROT], Retailing [^RSXRETA]-Rev. , Savings & Loans [^RSXSAVI], Software [^RSXSOFT], Textiles/Apparel [^RSXTEXT]-Rev. , Transports/Non Air [^RSXTRAN], Waste Management [^RSXWAST]. The following sector chart fell: Telephone [^RSXTELE]. Retailing [^RSXRETA] was the only sector RSX chart that moved to a buy signal while none moved to a sell signal. |
|
| ^RSX Charts Reversing Up - | ^RSX Charts Reversing Down - |
|
|
|
| ^RSX Charts Moving Higher - | ^RSX Charts Moving Lower - |
|
|
|
There were equal amounts of rising and falling sector RSP charts this week, with 3 both rising and falling. The following sector charts rose: Restaurants [^RSPREST], Textiles/Apparel [^RSPTEXT], Transports/Non Air [^RSPTRAN]. The following sector charts fell: Biomedics/Genetics [^RSPBIOM], Utilities/Electricity [^RSPEUTI], Precious Metals [^RSPPREC]-Rev. . There were 1 that reversed to O. |
|
| ^RSP Charts Reversing Up - | ^RSP Charts Reversing Down - |
|
|
|
| ^RSP Charts Moving Higher - | ^RSP Charts Moving Lower - |
FAVORED SECTOR STATUS CHANGES
A sector is considered to be Favored if it has 3 or 4 of the sector indicators (Relative Strength, RSX, RSP, & PT) positive, Average if it has 2 of the 4 indicators positive, & Unfavored if it has 0 or 1 of the indicators positive. The table below contains those sectors that have experienced a Favored Sector Status change over the past week. It is best to focus on sectors that are about 50% or lower on their Bullish Percent charts & are in Xs. Note: If a sector moves from Favored to Average, it doesn't necessarily mean that the sector in question has to be sold - it just means you need to evaluate your individual positions with exposure to that sector.
| Changes since 10/14/2020 | Full Report |
|
|
|
|
||||||||||
|
|
|
|
|
|
||||||||
|
|
|
|
|
||||||||
|
|
|
|
|
|
||||||||
