Research, Technical

Lowry Weekly Sector Commentary: November 07, 2023

Michael Kahn, CMT, Senior Market Analyst
07 November 2023


Last week's strong market performance did not significantly affect sector rankings. Lowry indicators are not designed to catch short-term shifts. While the 30-day moving averages of advancing issues, points gained, and upside volume for each sector have risen above their respective 30-day moving averages, indicating a change in short-term demand, power charts and cumulative adv-dec lines show no predictive patterns. Breadth and price, except for consumer noncyclicals, are tracking each other, which is normal.

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