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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016 -- Ignore unavailable to you. Want to Upgrade?


To: rimshot who wrote (495)8/1/2021 4:23:35 PM
From: rimshot  Read Replies (3) | Respond to of 1118
 
S&P 500 index sector review: now characterized by balanced leadership and rotation:

* Growth & selected defensive sectors are in the "improving" top half of the chart, indicating leadership
* Value & cyclicals are the laggards

when looking at the daily charts for each sector, the Healthcare Spyder - XLV &
the Real Estate Spyder - XLRE - have been the most steadily upward in the most recent weeks

pbs.twimg.com

$SPX bulls need this S&P 500 metric to continue to improve instead of decline again:

daily plot of the percentage of the 500 stocks within $SPX
for which their individual 20-day EMA's reside above their individual
50-day EMA's -

* the chart includes a set of Cyan-colored horizontal lines
marking successive lows since April 2021

stockcharts.com

$SPX weekly chart also showing the weekly closes
for the condition of the Silver Cross metric, which represents
the plot of the Percentage of index components for which
the 20-day EMA resides above the 50-day EMA


** with the exception of $OEX, the Silver Cross conditions for each index shown
are now improving off the recent multi-month low
seen in July 2021, and bulls want to see the improvement continue

stockcharts.com

* normally, the daily chart is reviewed for the condition
of the Silver Cross ... the weekly closes view shown
above facilitates vigilance for the week to week trend
vs. the 5-week SMA for the Silver Cross conditions
for:

$SPX $OEX $NDX $MID $SML