Chart Of The Day: Sectors Above Their 50 DMA Lines
Here is a look at breadth readings for the ten S&P 500 sectors. As shown, Health Care now looks like Energy looked a couple of months ago. While all of the other sectors have readings between 30% and 75%, Health Care has just 5.7% of its stocks above their 50-days. Energy, on the other hand, has the third best reading at the moment at 62.5%.
Source Bespoke