Sector & ETF Fund Flow Analysis 10/30/24
A look at sector breadth, one sector that's approaching support and another that has seen excessive inflows that could threaten its advance.
Sector Breadth
A large decline in percent of stocks above their 200-day MA within the Consumer Staples sector. Financials and Utilities remain the sectors with the most stocks in long-term up trends, at 95.8% and 96.8%. Tech has ticked higher to 73% after falling into the 60s. Notably 3 of the 4 defensive sectors have seen a decline in their breadth reading.
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