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While 80% of S&P 500 stocks are above their 50-day moving average, all of the defensive...

While 80% of S&P 500 stocks are above their 50-day moving average, all of the defensive sectors - Telecom, Consumer staples, Health care, Utilities - have readings below that. The most defensive of them all - Utilities - shows just 39% of the sector above the 50-day, a sharp change from just 2 weeks ago, when 90% were above. "The dynamic has clearly changed," writes Bespoke, with cyclical sectors now leading the charge.
Comments (7)
  • BlueOkie
    , contributor
    Comments (4514) | Send Message
     
    I need more than just one stat. There are several good sectors and poor ones, Look at tech
    20 Aug 2012, 04:34 PM Reply Like
  • wapiti
    , contributor
    Comments (698) | Send Message
     
    There is no fear...everybody piling in cyclicals and discretionary names..when the FED controls the market...no one worries about downside risk..Why worry? Ben threatens to do another QE everytime the market drops 100 points..One day soon...the bottom will fall out and people will blame the traders..not the government and policy makers... This market is manipulated like nothing we have ever seen..
    20 Aug 2012, 04:58 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2587) | Send Message
     
    took some qqq profits today at 68.76
    21 Aug 2012, 10:15 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2587) | Send Message
     
    bot some iez today at 51.11
    30 Aug 2012, 10:10 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2587) | Send Message
     
    took some iez profits today at 53.15
    7 Sep 2012, 11:01 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2587) | Send Message
     
    took some iez profits today at 54.43
    12 Sep 2012, 09:59 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2587) | Send Message
     
    bot some iez today at 52.77
    25 Sep 2012, 03:31 PM Reply Like
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