There is a battle brewing among industries, sectors, and worldwide indexes


  • Jason Goepfert

    Jason Goepfert

    Published: 2020-06-22 at 10:30:00 CDT

As we monitor the rally for health and watch how many stocks, industries, sectors, and countries are able to hold their trends, we're seeing an unusual battle between time frames.

For about half of the trading days over the past month, almost all industry indexes have managed to hold above their 50-day moving averages, but not even half of them have held above their 200-day averages.

Industries above 50 and 200 day moving averages

Same goes for the major sectors and major world equity indexes. 

Other times when there was this kind of protracted battle between all (or almost all) industries, sectors, or countries trading above their 50-day moving averages while less half of them managed to hold above their 200-day averages, stocks showed some short-term weakness but longer-term strength.


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The post titled There is a battle brewing among industries, sectors, and worldwide indexes was originally published as on SentimenTrader.com on 2020-06-22.

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