Market Breadth Update

Posted on June 27, 2010 by Darren Miller, Ph.D.

Below are charts that show the number of stocks in each index and sector that are trading above the 200 SMA. This simple moving average is a very important moving average for many types of market participants. These are the major indices and sectors that I watch each week in my trading. Let me know if you have other sectors that you’d like to have the breadth tracked.

A less than favorable week for the bulls as $SPX and $INDU gave up the 200 SMA while the $RUT and $NDX held that level after testing for support.I’ll be keeping an eye on the $RUT and $NDX and how they trade relative to their 200 day simple moving averages. We are entering the end of the quarter so historical data suggests a slight advantage to the bulls.