Risk-on Back in the U.S. Markets

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I last wrote about the percentage of stocks above a variety of moving averages in my post of September 8.

In the week since, buyers scooped up stocks in all the Major Indices, leaving only one minor group in the “below-50% category,” as shown on the following tables.

We’ll see if this recent risk-on appetite continues in the near term, and whether the Russell 2000 and Transports stocks can break out to new highs for the year.

CyclicalsEnergyConsumer Staples, and Financials are lagging among the 9 Major Sectors, as shown on the following Daily charts, Year-to-date percentages gained/lost graph, and table.

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