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Utilities Keep Flipping The Breadth Switch

IXOG
Market Technicals & Flows
Utilities Keep Flipping The Breadth Switch

The S&P 500 Utilities sector fell 0.98% yesterday, becoming the index’s worst-performing sector, with only 5 of 31 stocks closing higher. Breadth deteriorated sharply as the share of stocks trading above their 50-DMAs dropped from 93.5% to 67.7% (down 25.8 percentage points) in one day.

Analysis

The S&P 500 Utilities sector fell 0.98% yesterday, becoming the index’s worst-performing sector, with only 5 of 31 stocks closing higher. Breadth deteriorated sharply as the share of stocks trading above their 50-DMAs dropped from 93.5% to 67.7% (down 25.8 percentage points) in one day.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25

Ticker Sentiment

IXOG0.00