Which shares in the Dow Jones Europe Stoxx 600 and the S&P500 are trading above their respective 200-day MAs?
Eoin Treacy's view Following a potentially important pivot in stock markets I thought it might be instructive to identify which shares are trading above their respective 200-day MAs.
Following a volatile few months and weak overall environment over the last four weeks, of the 1100 shares in the Dow Jones Europe Stoxx 600 and the S&P500 139 are currently trading above their 200-day MA.
Here is the list segregated by subsector, then country of primary listing then by dividend yield. Shares with utility-like characteristics such as tobacco, pipelines and electricity providers are unsurprising constituents.
The relative strength of a large swathe of the healthcare sector, both among the reliable dividend payers as well as those representing the cutting edge of technology is also observable. Intuitive Surgical has a notably consistent chart pattern.
In the USA, the relative strength of companies leveraged to lower per capita spending remains a dominant theme with automotive parts and discount retailers continuing to exhibit relative strength.
In the technology sector, Cisco Systems continues its march higher from relatively depressed levels.
A pervasive theme across markets remains the relative strength of shares leveraged to the growth of the global consumer. Globally oriented food, beverage, cosmetics & toiletries and luxury goods companies all continue to exhibit consistent trends.