There were no sector bullish percent charts that reversed up into a column of Xs over the past week, while 5 reversed down into a column of Os.
SECTOR BULLISH PERCENT CHANGES
| Reversed to X | Reversed to O |
|---|---|
| 0 | 5 (BPCOMP | 66), (BPGAME | 72), (BPINET | 58), (BPREAL | 68), (BPREST | 80), |
| To Xs | To Os |
|---|---|
| None | Machinery and Tools ( 0.95 to 80 ) |
| None | Steel/Iron ( 0.56 to 80 ) |
Average Level
67.82
| Sector |
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| None |
| Sector |
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| Precious Metals (48%) - Bear Correction |
| Sector |
|---|
| Aerospace Airline (64%) - Bear Alert |
| Autos & Parts (72%) - Bull Confirmed |
| Building (70%) - Bull Confirmed |
| Computers (66%) - Bear Alert |
| Utilities / Electric (54%) - Bull Correction |
| Gaming (72%) - Bull Confirmed |
| Internet (58%) - Bull Correction |
| Real Estate (68%) - Bear Alert |
| Restaurants (80%) - Bull Confirmed |
| Textiles / Apparel (70%) - Bull Confirmed |
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.
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There were only rising sector PT charts this week, with 10 rising and none moving lower. The following sector charts rose: Aerospace Airline [^PTAERO], Banks [^PTBANK], Electronics [^PTELEC], Finance [^PTFINA], Leisure [^PTLEIS], Restaurants [^PTREST], Semiconductors [^PTSEMI], Textiles/Apparel [^PTTEXT], Wall Street [^PTWALL], Waste Management [^PTWAST]. No charts reversed in column. |
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| ^PT Charts Reversing Up - | ^PT Charts Reversing Down - |
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| ^PT Charts Moving Higher - | ^PT Charts Moving Lower - |
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There were mostly RSX charts rising this week, with 14 rising and 3 moving lower. The following sector charts rose: Biomedics/Genetics [^RSXBIOM], Business Products [^RSXBUSI], Electronics [^RSXELEC], Utilities/Electricity [^RSXEUTI], Food Beverages/Soap [^RSXFOOD], Healthcare [^RSXHEAL], Metals Non Ferrous [^RSXMETA], Precious Metals [^RSXPREC], Protection Safety Equipment [^RSXPROT], Semiconductors [^RSXSEMI], Software [^RSXSOFT], Steel/Iron [^RSXSTEE]-Rev. , Wall Street [^RSXWALL], Waste Management [^RSXWAST]. The following sector charts fell: Drugs [^RSXDRUG], Media [^RSXMEDI]-Rev. , Oil Service [^RSXOILS]. There were 2 that moved to buy signals and 0 that moved to sell signals. The following were buy signals: Business Products [^RSXBUSI],Software [^RSXSOFT]. The following were sell signals: . |
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| ^RSX Charts Reversing Up - | ^RSX Charts Reversing Down - |
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| ^RSX Charts Moving Higher - | ^RSX Charts Moving Lower - |
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There were mostly RSP charts rising this week, with 5 rising and 1 moving lower. The following sector charts rose: Aerospace Airline [^RSPAERO], Gaming [^RSPGAME], Metals Non Ferrous [^RSPMETA]-Rev. , Steel/Iron [^RSPSTEE], Wall Street [^RSPWALL]. The following sector chart fell: Gas Utilities [^RSPGUTI]. There were 1 that reversed to X. |
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| ^RSP Charts Reversing Up - | ^RSP Charts Reversing Down - |
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| ^RSP Charts Moving Higher - | ^RSP Charts Moving Lower - |
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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 12/23/2020 | Full Report |
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