MSCI World Sector Momentum FadesMarch 21, 2014
Stocks are making new highs, yet internal momentum is somewhat sluggish. The following is a tour of some momentum stats measuring the sectors within the MSCI World index. We focus on the 20 day timeframe for our analysis.
Forty-four percent of stocks have advanced over the last 20 days, while fifty-five percent have declined, resulting in a net -11% advancing. Telecom stocks have the best net advancing percentage.
Only 3.5% of all stocks in the MSCI World index are making new 20-day highs, while almost 35% are making new 20-day lows.
Forty-seven percent of the last 20 days have been up days on average, which is down from 57% eight days ago.
Percent Up Days