Over the past week of market action, three sector bullish percent charts reversed up into Xs while nine reversed down into Os.
SECTOR BULLISH PERCENT CHANGES
| Reversed to X | Reversed to O |
|---|---|
| 3 (BPBUIL | 74), (BPFORE | 74), (BPSTEE | 74), |
9 (BPCOMP | 40), (BPGAME | 58), (BPHOUS | 58), (BPOIL | 70), (BPREAL | 74), (BPSAVI | 84), (BPSEMI | 24), (BPSOFT | 28), (BPTRAN | 70), |
| To Xs | To Os |
|---|---|
| Autos & Parts ( 0.88 to 66 ) | None |
| Business Products ( 0.84 to 64 ) | None |
| Leisure ( 0.89 to 64 ) | None |
| Restaurants ( 0.64 to 78 ) | None |
| Retailing ( 0.68 to 50 ) | None |
Average Level
57.32
| Sector |
|---|
| Biomedics/Genetics (26%) - Bear Confirmed |
| Semiconductors (24%) - Bear Confirmed |
| Software (28%) - Bear Confirmed |
| Wall Street (28%) - Bear Confirmed |
| Sector |
|---|
| None |
| Sector |
|---|
| Autos & Parts (60%) - Bear Confirmed |
| Business Products (58%) - Bear Confirmed |
| Chemicals (66%) - Bear Confirmed |
| Electronics (50%) - Bear Confirmed |
| Finance (56%) - Bear Confirmed |
| Foods Beverages/Soap (58%) - Bull Correction |
| Gaming (58%) - Bear Alert |
| Household Goods (58%) - Bear Confirmed |
| Leisure (58%) - Bear Confirmed |
| Machinery and Tools (68%) - Bear Confirmed |
| Media (58%) - Bear Alert |
| Metals Non Ferrous (56%) - Bear Confirmed |
| Oil (70%) - Bull Confirmed |
| Real Estate (74%) - Bull Confirmed |
| Restaurants (72%) - Bull Confirmed |
| Savings & Loans (84%) - Bull Confirmed |
| Telephone (50%) - Bear Alert |
| Textiles / Apparel (72%) - Bull Confirmed |
| Transports / Non Air (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.
|
There were mostly falling sector PT charts this week, with 20 falling and 5 rising. The following sector charts rose: Banks [^PTBANK], Building [^PTBUIL], Gas Utilities [^PTGUTI], Savings & Loans [^PTSAVI], Steel/Iron [^PTSTEE]. The following sector charts fell: Autos and Parts [^PTAUTO]-Rev. , Biomedics/Genetics [^PTBIOM], Business Products [^PTBUSI]-Rev. , Computers [^PTCOMP]-Rev. , Drugs [^PTDRUG]-Rev. , Electronics [^PTELEC]-Rev. , Utilities/Electricity [^PTEUTI], Finance [^PTFINA]-Rev. , Gaming [^PTGAME]-Rev. , Healthcare [^PTHEAL]-Rev. , Household Goods [^PTHOUS]-Rev. , Internet [^PTINET], Machinery and Tools [^PTMACH]-Rev. , Media [^PTMEDI]-Rev. , Precious Metals [^PTPREC], Retailing [^PTRETA], Semiconductors [^PTSEMI]-Rev. , Software [^PTSOFT], Wall Street [^PTWALL], Waste Management [^PTWAST]. There were 12 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 29 falling and 3 rising. The following sector charts rose: Banks [^RSXBANK], Savings & Loans [^RSXSAVI], Steel/Iron [^RSXSTEE]-Rev. . The following sector charts fell: Autos and Parts [^RSXAUTO], Biomedics/Genetics [^RSXBIOM], Business Products [^RSXBUSI], Chemicals [^RSXCHEM], Computers [^RSXCOMP], Drugs [^RSXDRUG], Electronics [^RSXELEC], Utilities/Electricity [^RSXEUTI], Finance [^RSXFINA], Food Beverages/Soap [^RSXFOOD], Gaming [^RSXGAME]-Rev. , Healthcare [^RSXHEAL], Household Goods [^RSXHOUS], Internet [^RSXINET], Leisure [^RSXLEIS]-Rev. , Media [^RSXMEDI], Metals Non Ferrous [^RSXMETA], Precious Metals [^RSXPREC], Protection Safety Equipment [^RSXPROT], Real Estate [^RSXREAL], Restaurants [^RSXREST], Retailing [^RSXRETA], Semiconductors [^RSXSEMI], Software [^RSXSOFT], Telephone [^RSXTELE], Textiles/Apparel [^RSXTEXT], Transports/Non Air [^RSXTRAN], Wall Street [^RSXWALL], Waste Management [^RSXWAST]. There were 0 that moved to buy signals and 6 that moved to sell signals. The following were buy signals: . The following were sell signals: Healthcare [^RSXHEAL],Internet [^RSXINET],Metals Non Ferrous [^RSXMETA],Retailing [^RSXRETA],Software [^RSXSOFT],Wall Street [^RSXWALL]. |
|
| ^RSX Charts Reversing Up - | ^RSX Charts Reversing Down - |
|
|
| ^RSX Charts Moving Higher - | ^RSX Charts Moving Lower - |
|
|
|
There were mostly falling sector RSP charts this week, with 14 falling and 3 rising. The following sector charts rose: Banks [^RSPBANK], Forest Prods/Paper [^RSPFORE], Savings & Loans [^RSPSAVI]. The following sector charts fell: Autos and Parts [^RSPAUTO]-Rev. , Biomedics/Genetics [^RSPBIOM]-Rev. , Computers [^RSPCOMP]-Rev. , Drugs [^RSPDRUG]-Rev. , Electronics [^RSPELEC]-Rev. , Utilities/Electricity [^RSPEUTI], Gaming [^RSPGAME]-Rev. , Healthcare [^RSPHEAL]-Rev. , Internet [^RSPINET]-Rev. , Precious Metals [^RSPPREC], Software [^RSPSOFT]-Rev. , Telephone [^RSPTELE]-Rev. , Wall Street [^RSPWALL]-Rev. , Waste Management [^RSPWAST]. There were 11 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 03/03/2021 | Full Report |
|
|
|
|
|||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||
