The past week of market action saw 15 sector bullish percent charts reverse up into Xs, while none reversed lower.
SECTOR BULLISH PERCENT CHANGES
| Reversed to X | Reversed to O |
|---|---|
| 15 (BPAERO | 40), (BPAUTO | 50), (BPBUIL | 54), (BPCHEM | 46), (BPCOMP | 46), (BPELEC | 52), (BPFINA | 56), (BPGAME | 34), (BPHEAL | 46), (BPINSU | 52), (BPMACH | 60), (BPMETA | 54), (BPSOFT | 52), (BPSTEE | 70), (BPTEXT | 54), |
0 |
| To Xs | To Os |
|---|---|
| Transports / Non Air ( 0.55 to 52 ) | None |
Average Level
50.16
| Sector |
|---|
| Biomedics/Genetics (28%) - Bull Correction |
| Sector |
|---|
| Aerospace Airline (40%) - Bear Correction |
| Autos & Parts (50%) - Bear Correction |
| Chemicals (46%) - Bear Correction |
| Computers (46%) - Bear Correction |
| Gaming (34%) - Bull Alert |
| Healthcare (46%) - Bull Confirmed |
| Internet (38%) - Bull Confirmed |
| Leisure (36%) - Bull Alert |
| Sector |
|---|
| Banks (58%) - Bear Confirmed |
| Utilities / Electric (56%) - Bear Confirmed |
| Foods Beverages/Soap (54%) - Bear Confirmed |
| Utilities / Gas (68%) - Bear Alert |
| Real Estate (76%) - Bull Confirmed |
| Savings & Loans (62%) - Bear Confirmed |
| Telephone (54%) - 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 equal amounts of rising and falling sector PT charts this week, with 2 both rising and falling. The following sector charts rose: Semiconductors [^PTSEMI]-Rev. , Textiles/Apparel [^PTTEXT]-Rev. . The following sector charts fell: Household Goods [^PTHOUS], Telephone [^PTTELE]-Rev. . There were 2 that reversed to X and 1 that reversed to O. |
|
| ^PT Charts Reversing Up - | ^PT Charts Reversing Down - |
|
|
| ^PT Charts Moving Higher - | ^PT Charts Moving Lower - |
|
|
|
|
There were only falling sector RSX charts this week, with 11 falling and none rising. The following sector charts fell: Aerospace Airline [^RSXAERO], Autos and Parts [^RSXAUTO], Banks [^RSXBANK], Drugs [^RSXDRUG], Food Beverages/Soap [^RSXFOOD], Media [^RSXMEDI], Oil [^RSXOIL], Telephone [^RSXTELE], Textiles/Apparel [^RSXTEXT], Transports/Non Air [^RSXTRAN], Waste Management [^RSXWAST]. Waste Management [^RSXWAST] was the only sector RSX chart that moved to a sell signal, while none moved to a buy signal. |
|
| ^RSX Charts Reversing Up - | ^RSX Charts Reversing Down - |
|
|
|
| ^RSX Charts Moving Higher - | ^RSX Charts Moving Lower - |
|
|
|
|
There were only falling sector RSP charts this week, with 6 falling and none rising. The following sector charts fell: Drugs [^RSPDRUG], Gas Utilities [^RSPGUTI]-Rev. , Household Goods [^RSPHOUS], Internet [^RSPINET], Machinery and Tools [^RSPMACH], Transports/Non Air [^RSPTRAN]. 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 07/28/2021 | Full Report |
|
|
|
|
|||||||
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|||||
