6 Sectors And A Case Of Mixed Signals

The S&P 500 rallied 0.89% on Tuesday, but the gains were far less widespread than the move suggested. More than half of the market’s sectors finished with positive price action on Tuesday even though they had more decliners than advancers. Since 1990, there have only been 13 trading days when price and breadth diverged in at least six sectors, including Tuesday.

Net breadth (the # of individual stocks advancing minus declining) for the index came in at -41, and six of eleven sectors saw price move in the opposite direction of the index.