In the past week of market action, there were 24 sector bullish percent charts that reversed down into a column of Os, while the bullish percent for banks (^BPBANK) was the only sector to reverse up into a column of Xs.
SECTOR BULLISH PERCENT CHANGES
| Reversed to X | Reversed to O |
|---|---|
| 1 (BPBANK | 86), |
24 (BPAUTO | 62), (BPBIOM | 44), (BPBUIL | 74), (BPBUSI | 70), (BPCHEM | 74), (BPCOMP | 52), (BPDRUG | 50), (BPELEC | 66), (BPFINA | 66), (BPFOOD | 62), (BPHEAL | 54), (BPHOUS | 62), (BPINET | 50), (BPMACH | 70), (BPMEDI | 74), (BPMETA | 72), (BPPREC | 46), (BPPROT | 52), (BPREST | 76), (BPRETA | 56), (BPSEMI | 56), (BPSOFT | 44), (BPWALL | 48), (BPWAST | 60), |
| To Xs | To Os |
|---|
Average Level
64.45
| Sector |
|---|
| None |
| Sector |
|---|
| None |
| Sector |
|---|
| Autos & Parts (62%) - Bear Confirmed |
| Building (74%) - Bull Confirmed |
| Business Products (70%) - Bull Confirmed |
| Chemicals (74%) - Bull Confirmed |
| Computers (52%) - Bear Confirmed |
| Drugs (50%) - Bull Correction |
| Electronics (66%) - Bear Confirmed |
| Finance (66%) - Bear Alert |
| Foods Beverages/Soap (62%) - Bull Correction |
| Healthcare (54%) - Bear Confirmed |
| Household Goods (62%) - Bear Confirmed |
| Internet (50%) - Bear Confirmed |
| Machinery and Tools (70%) - Bear Confirmed |
| Media (74%) - Bull Confirmed |
| Metals Non Ferrous (72%) - Bull Confirmed |
| Protection Safety Eq (52%) - Bear Confirmed |
| Restaurants (76%) - Bull Confirmed |
| Retailing (56%) - Bear Confirmed |
| Semiconductors (56%) - Bear Confirmed |
| Telephone (58%) - Bear Alert |
| Waste Management (60%) - 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 4 moving lower. The following sector charts rose: Aerospace Airline [^PTAERO], Building [^PTBUIL], Gaming [^PTGAME]-Rev. , Gas Utilities [^PTGUTI], Media [^PTMEDI], Oil Service [^PTOILS], Real Estate [^PTREAL], Steel/Iron [^PTSTEE]. The following sector charts fell: Utilities/Electricity [^PTEUTI], Software [^PTSOFT]-Rev. , Wall Street [^PTWALL]-Rev. , Waste Management [^PTWAST]-Rev. . There were 1 that reversed to X and 3 that reversed to O. |
|
| ^PT Charts Reversing Up - | ^PT Charts Reversing Down - |
|
|
| ^PT Charts Moving Higher - | ^PT Charts Moving Lower - |
|
|
|
There were mostly falling sector RSX charts this week, with 28 falling and 3 rising. The following sector charts rose: Gaming [^RSXGAME], Oil [^RSXOIL], Savings & Loans [^RSXSAVI]. The following sector charts fell: Aerospace Airline [^RSXAERO], Autos and Parts [^RSXAUTO]-Rev. , Biomedics/Genetics [^RSXBIOM]-Rev. , Business Products [^RSXBUSI]-Rev. , Chemicals [^RSXCHEM]-Rev. , Computers [^RSXCOMP]-Rev. , Drugs [^RSXDRUG]-Rev. , Electronics [^RSXELEC]-Rev. , Utilities/Electricity [^RSXEUTI], Finance [^RSXFINA]-Rev. , Food Beverages/Soap [^RSXFOOD]-Rev. , Forest Prods/Paper [^RSXFORE]-Rev. , Healthcare [^RSXHEAL]-Rev. , Household Goods [^RSXHOUS], Internet [^RSXINET]-Rev. , Machinery and Tools [^RSXMACH], Media [^RSXMEDI]-Rev. , Oil Service [^RSXOILS], Precious Metals [^RSXPREC], Protection Safety Equipment [^RSXPROT], Restaurants [^RSXREST]-Rev. , Retailing [^RSXRETA], Semiconductors [^RSXSEMI]-Rev. , Software [^RSXSOFT]-Rev. , Telephone [^RSXTELE]-Rev. , Textiles/Apparel [^RSXTEXT]-Rev. , Wall Street [^RSXWALL]-Rev. , Waste Management [^RSXWAST]. There were 0 that moved to buy signals and 5 that moved to sell signals. The following were buy signals: . The following were sell signals: Biomedics/Genetics [^RSXBIOM],Utilities/Electricity [^RSXEUTI],Household Goods [^RSXHOUS],Media [^RSXMEDI],Protection Safety Equipment [^RSXPROT]. |
|
| ^RSX Charts Reversing Up - | ^RSX Charts Reversing Down - |
|
|
|
| ^RSX Charts Moving Higher - | ^RSX Charts Moving Lower - |
|
|
|
There were mostly RSP charts rising this week, with 11 rising and 2 moving lower. The following sector charts rose: Aerospace Airline [^RSPAERO], Computers [^RSPCOMP], Finance [^RSPFINA], Forest Prods/Paper [^RSPFORE], Leisure [^RSPLEIS], Metals Non Ferrous [^RSPMETA], Oil [^RSPOIL], Restaurants [^RSPREST], Steel/Iron [^RSPSTEE], Telephone [^RSPTELE], Textiles/Apparel [^RSPTEXT]. The following sector charts fell: Utilities/Electricity [^RSPEUTI], Protection Safety Equipment [^RSPPROT]-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 02/17/2021 | Full Report |
|
|
|
|
|||||||||||
|
|
|
|
|
|
|||||||||
|
|
|
|
|
|||||||||
|
|
|
|
|
|
|||||||||
