A 200-Day Divide

Bespoke Investment Group 48.84K Followers Follow Summary At the end of last week, 75% of S&P 500 Technology stocks closed above their 200-DMAs for the first time in 219 trading days. Even after its recent improvement, Technology is hardly exceptional compared with the rest of the market. Six S&P 500 sectors have a larger percentage of stocks above their respective 200-DMAs, led by Financials at 84.2%. The reading for Utilities isn’t just low compared to other sectors but is also low historically for itself, as similar levels haven't been seen since Valentine’s Day of 2024 (623 trading days). Torsten Asmus/iStock via Getty Images At the end of last week, 75% of S&P 500 Technology stocks closed above their 200-DMAs for the first time in 219 trading days. That streak of fewer than 75% of stocks above their 200-DMAs This article was written by Bespoke Investment Group 48.84K Followers Follow Bespoke Investment Group provides some of the most original content and intuitive thinking on the Street. Founded by Paul Hickey and Justin Walters, formerly of Birinyi Associates and creators of the acclaimed TickerSense blog, Bespoke offers multiple products that allow anyone, from institutions to the most modest investor, to gain the data and knowledge necessary to make intelligent and profitable investment decisions. Along with running their Think B.I.G. finance blog, Bespoke provides timely investment ideas through its Bespoke Premium (https://bespokepremium.com/) subscription service and also manages money (https://bespokepremium.com/mm) for high net worth individuals. Visit: Bespoke Investment Group (https://bespokeinvest.com/)