Methodology Sidebar

Long Term Internals Chart Help Page

Sector Information

Sector Index:

  The market cap. weighted price index of the displayed sector and region (Global, US, Non-US) based on shares outstanding. (Right-hand scale.)

Advance-Decline Line:

  A measure of breadth within the sector. This index-line increases by 1 point per day for every stock in the sector that rises and declines by one point for every stock that depreciates. The Advance-Decline Line can indicate underlying strength or weakness in a sector. (Left-hand scale.)

50-Day Moving Average:

  The 50 day simple moving average of the sector price index of the displayed sector and region (Global, US, Non-US). (Right-hand scale.)

200-Day Moving Average:

  The 200 day simple moving average of the sector price index of the displayed sector and region (Global, US, Non-US). (Right-hand scale.)

% of Constituents Above:

  Percentage of sector stocks comprising the total universe trading above the respective simple moving average of their share prices

50-Day Moving Average:

  Percentage of constituents trading above the 50 day simple moving average of their respective share prices for the displayed sector and region (Global, US, Non-US).

200-Day Moving Average:

  Percentage of constituents trading above the 200 day simple moving average of their respective share prices for the displayed sector and region (Global, US, Non-US).

52-Week Highs/Lows:

  Number of sector stocks trading at new 52 Week Highs and Lows respectively. Provided in this form rather as percentages to improve the visual responsiveness of displayed information particularly for smaller sectors

Sector McClellan Metrics:

  An indicator of sector health derived from the Advance-Decline

Sector McClellan Oscillator:

  Calculated by subtracting the 39 day exponential moving average of the Advance-Decline Line from the corresponding 19 day exponential moving average

Sector McClellan Index:

  The cumulative value of the Sector McClellan Oscillator

Key Statistics Table

Stock Count:

  Number of stocks in the sector index.

1-Day Breadth:

  The number of advancing issues divided by the number of declining issues (or vice-versa if negative). “Max” denotes that all stocks in the sector traded up and “Min” denotes that all stocks traded down.

Sector Performance:

  The price change in the cap. weighted price index for the sector.

% > Mov. Avg.:

  Percentage of sector stocks comprising the total universe trading above the respective simple moving average of their share prices

Note that our definition of “Non-US” only refers to non-US domiciled stocks trading on US exchanges. “Global” refers to US traded stocks of all domiciles.

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About MarketScalpel

We are an independent equity research firm enabling clients to take advantage of sector trends.

MarketScalpel's research services are based on value-added  sector data generated by our proprietary sector database.  This is the the product  of 4 years' development for the core software systems, with new features added on an ongoing basis. 

The analytical framework compiles a comprehensive array of equity sector data bottom-up from our stocks universe.  This comprises around 4,700 stocks listed on US exchanges selected on a market cap and liquidity screen, that are mapped on to a sector structure containing in excess of 150 sub-sectors and industries organized under the 10 major top levels sectors.

The proprietary data we extract for each sector are  designed to quantify market sentiment and forecast future performance.  We also produce conventional data such as market cap weighted  sector price indices and volume, collectively forming the basis for a variety of quantitative, statistical and other numerical analysis focused on the sector and industry level.

Our Market Navigator research platform incorporates this into tools for strategic market-by-sector analysis and tactical assessment of sector attractiveness