S&P 500 Sector % Of Stocks Above 50-Day Moving Averages

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 |  Includes: IVV, IYC, IYE, IYF, IYH, IYJ, IYK, IYM, IYW, IYZ, SPY, VOO, VPU, XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLY
by: Bespoke Investment Group

Heading into the open this morning, 87% of stocks in the S&P 500 were trading above their 50-day moving averages. Below are charts showing the percentage of stocks trading above their 50-days within each S&P 500 sector. As shown, breadth readings have pulled back slightly over the past two weeks, with no sectors currently showing readings above 90%. At the market's recent peak, multiple sectors had readings in the mid to high 90s.

Consumer Staples, Materials and Utilities currently have the highest percentage of stocks above their 50-days at 90%. Technology, Financials and Industrials had the strongest breadth a couple weeks ago, but they've all pulled back into the 80s this week. Even in the 80s, though, breadth is elevated.

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