After this week's 9% rally in the S&P 500 so far, 6% of stocks in the index are trading above their 50-day moving averages. At least it's not at zero, right?
On a sector basis, 15% of Consumer Staples stocks are trading above their 50-days. And that is the most positive sector. Financials and Utilities rank second at 10%, followed by Health Care at 8%. Materials and Telecom are still unfortunately stuck at zero.
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