The past week of market action saw no sector bullish percent charts reverse up, while the bullish percent for biomedics/genetics (^BPBIOM) was the only sector to reverse down into Os.
SECTOR BULLISH PERCENT CHANGES
| Reversed to X | Reversed to O |
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| 0 | 1 (BPBIOM | 52), |
| To Xs | To Os |
|---|
Average Level
68.81
| Sector |
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| None |
| Sector |
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| None |
| Sector |
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| Biomedics/Genetics (52%) - 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.
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There were only rising sector PT charts this week, with 37 rising and none moving lower. The following sector charts rose: Aerospace Airline [^PTAERO], Autos and Parts [^PTAUTO], Banks [^PTBANK], Building [^PTBUIL], Business Products [^PTBUSI], Chemicals [^PTCHEM], Computers [^PTCOMP], Electronics [^PTELEC], Utilities/Electricity [^PTEUTI], Finance [^PTFINA], Food Beverages/Soap [^PTFOOD], Forest Prods/Paper [^PTFORE], Gaming [^PTGAME], Gas Utilities [^PTGUTI], Healthcare [^PTHEAL], Household Goods [^PTHOUS], Internet [^PTINET], Insurance [^PTINSU], Leisure [^PTLEIS], Machinery and Tools [^PTMACH], Media [^PTMEDI], Metals Non Ferrous [^PTMETA], Oil [^PTOIL], Oil Service [^PTOILS], Protection Safety Equipment [^PTPROT], Real Estate [^PTREAL], Restaurants [^PTREST], Retailing [^PTRETA], Savings & Loans [^PTSAVI], Semiconductors [^PTSEMI], Software [^PTSOFT], Steel/Iron [^PTSTEE], Telephone [^PTTELE], Textiles/Apparel [^PTTEXT], Transports/Non Air [^PTTRAN], Wall Street [^PTWALL], Waste Management [^PTWAST]-Rev. . There were 1 that reversed to X. |
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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 21 rising and 13 moving lower. The following sector charts rose: Aerospace Airline [^RSXAERO], Autos and Parts [^RSXAUTO], Banks [^RSXBANK], Building [^RSXBUIL], Business Products [^RSXBUSI]-Rev. , Chemicals [^RSXCHEM], Finance [^RSXFINA], Household Goods [^RSXHOUS], Leisure [^RSXLEIS], Machinery and Tools [^RSXMACH]-Rev. , Media [^RSXMEDI], Metals Non Ferrous [^RSXMETA], Oil [^RSXOIL]-Rev. , Oil Service [^RSXOILS]-Rev. , Real Estate [^RSXREAL], Restaurants [^RSXREST], Retailing [^RSXRETA], Savings & Loans [^RSXSAVI], Steel/Iron [^RSXSTEE], Textiles/Apparel [^RSXTEXT], Transports/Non Air [^RSXTRAN]-Rev. . The following sector charts fell: Biomedics/Genetics [^RSXBIOM], Computers [^RSXCOMP], Drugs [^RSXDRUG], Utilities/Electricity [^RSXEUTI], Food Beverages/Soap [^RSXFOOD], Healthcare [^RSXHEAL], Internet [^RSXINET], Precious Metals [^RSXPREC], Protection Safety Equipment [^RSXPROT]-Rev. , Semiconductors [^RSXSEMI], Software [^RSXSOFT]-Rev. , Wall Street [^RSXWALL], Waste Management [^RSXWAST]-Rev. . There were 2 that moved to buy signals and 5 that moved to sell signals. The following were buy signals: Media [^RSXMEDI],Textiles/Apparel [^RSXTEXT]. The following were sell signals: Computers [^RSXCOMP],Food Beverages/Soap [^RSXFOOD],Healthcare [^RSXHEAL],Precious Metals [^RSXPREC],Software [^RSXSOFT]. |
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| ^RSX Charts Reversing Up - | ^RSX Charts Reversing Down - |
| ^RSX Charts Moving Higher - | ^RSX Charts Moving Lower - |
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There were mostly RSP charts rising this week, with 18 rising and 1 moving lower. The following sector charts rose: Aerospace Airline [^RSPAERO]-Rev. , Autos and Parts [^RSPAUTO], Building [^RSPBUIL], Electronics [^RSPELEC], Finance [^RSPFINA], Gas Utilities [^RSPGUTI], Household Goods [^RSPHOUS], Leisure [^RSPLEIS], Machinery and Tools [^RSPMACH]-Rev. , Media [^RSPMEDI], Metals Non Ferrous [^RSPMETA], Oil [^RSPOIL], Oil Service [^RSPOILS], Real Estate [^RSPREAL], Restaurants [^RSPREST], Retailing [^RSPRETA], Steel/Iron [^RSPSTEE]-Rev. , Textiles/Apparel [^RSPTEXT]. The following sector chart fell: Insurance [^RSPINSU]. There were 3 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 06/03/2020 | Full Report |
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