There were no sector bullish percent charts that reversed up into a column of Xs over the past week, while the Bullish Percent for Protection Safety Equipment (^BPPROT) was the only sector to reverse down into Os.
SECTOR BULLISH PERCENT CHANGES
| Reversed to X | Reversed to O |
|---|---|
| 0 | 1 (BPPROT | 58), |
| To Xs | To Os |
|---|---|
| None | Leisure ( 0.66 to 64 ) |
| None | Retailing ( 0.02 to 62 ) |
| None | Wall Street ( 0.91 to 70 ) |
Average Level
67.39
| Sector |
|---|
| None |
| Sector |
|---|
| Drugs (48%) - Bull Confirmed |
| Sector |
|---|
| Autos & Parts (74%) - Bull Confirmed |
| Building (70%) - Bull Confirmed |
| Utilities / Electric (54%) - Bull Correction |
| Protection Safety Eq (58%) - 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 only rising sector PT charts this week, with 16 rising and none moving lower. The following sector charts rose: Aerospace Airline [^PTAERO], Banks [^PTBANK], Biomedics/Genetics [^PTBIOM], Computers [^PTCOMP], Finance [^PTFINA], Gas Utilities [^PTGUTI], Healthcare [^PTHEAL], Insurance [^PTINSU], Oil [^PTOIL], Protection Safety Equipment [^PTPROT], Restaurants [^PTREST], Savings & Loans [^PTSAVI], Semiconductors [^PTSEMI], Textiles/Apparel [^PTTEXT], Transports/Non Air [^PTTRAN], Waste Management [^PTWAST]. No charts reversed in column. |
|
| ^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 19 rising and 3 moving lower. The following sector charts rose: Banks [^RSXBANK], Biomedics/Genetics [^RSXBIOM], Business Products [^RSXBUSI], Computers [^RSXCOMP], Electronics [^RSXELEC], Finance [^RSXFINA], Forest Prods/Paper [^RSXFORE], Internet [^RSXINET]-Rev. , Leisure [^RSXLEIS], Media [^RSXMEDI], Metals Non Ferrous [^RSXMETA], Oil Service [^RSXOILS], Precious Metals [^RSXPREC]-Rev. , Restaurants [^RSXREST], Savings & Loans [^RSXSAVI], Semiconductors [^RSXSEMI], Telephone [^RSXTELE], Wall Street [^RSXWALL], Waste Management [^RSXWAST]. The following sector charts fell: Building [^RSXBUIL]-Rev. , Household Goods [^RSXHOUS], Retailing [^RSXRETA]-Rev. . There were 2 that moved to buy signals and 0 that moved to sell signals. The following were buy signals: Electronics [^RSXELEC],Waste Management [^RSXWAST]. The following were sell signals: . |
|
| ^RSX Charts Reversing Up - | ^RSX Charts Reversing Down - |
| ^RSX Charts Moving Higher - | ^RSX Charts Moving Lower - |
|
|
|
There were only rising sector RSP charts this week, with 6 rising and none moving lower. The following sector charts rose: Gaming [^RSPGAME], Internet [^RSPINET]-Rev. , Oil [^RSPOIL], Oil Service [^RSPOILS], Textiles/Apparel [^RSPTEXT], Wall Street [^RSPWALL]-Rev. . There were 2 that reversed to X. |
|
| ^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 12/09/2020 | Full Report |
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||
|
|
|
|
|
|||||||
|
|
|
|
|
|
|||||||
