Sector Universe Analysis for 25-Mar-2019
Symbol Description Instr MTA 3-Slp RelStr MoSlp CMF NH/NL Total
IHI U.S. MEDICAL DEVICES ETF UP UP 2.6:1.1 2.64 Up 0/2 5.0
ROBO Robot/Automation Sctr ETF x UP 1.3:1.1 2.14 x 0/2 3.0
SPY S&P 500 Index ETF UP UP 1.1:1.1 1.03 x 0/2 3.0
VGT Information Tech Sctr ETF UP UP 2.3:1.1 1.94 Up 0/1 5.0
XAR Space & Defense Sctr ETF UP UP 1.1:1.1 2.08 Dn 0/7 1.0
XHE Healthcare Equip Sctr ETF UP UP 1.2:1.1 1.46 Up 0/2 5.0
XLB Materials Sctr ETF DN x 0.6:1.1 1.12 Dn 0/5 -2.0
XLE Energy Sctr ETF DN x -0.3:1.1 -0.56 Up 0/2 -1.0
XLF Financial Sctr ETF DN x 0.1:1.1 0.39 Dn 0/9 -3.0
XLI Industrial Sctr ETF x UP 1.4:1.1 2.20 Dn 0/7 1.0
XLK Technology Sctr ETF UP UP 2.0:1.1 1.28 Up 0/1 5.0
XLP Consumer Staples Sctr ETF UP UP 0.7:1.1 -0.82 x 14/0 2.0
XLU Utilities Sctr ETF UP UP 2.3:1.1 0.79 Up 501/0 6.0
XLV Health Care Sctr ETF UP UP 0.5:1.1 0.24 Up 0/2 3.0
XLRE Real Estate Sctr ETF UP UP 2.3:1.1 1.99 Up 0/0 5.0
XLY Consumer Discret Sctr ETF UP UP 1.0:1.1 1.56 Up 0/1 4.0
XME Metals & Mining Sctr ETF DN DN -0.8:1.1 0.83 Dn 0/2 -2.0
XOP Oil+Gas Expl+Prod ETF DN DN -3.8:1.1 -3.76 x 0/1 -3.0
XRT Retail Sctr ETF DN DN -0.6:1.1 -1.26 Dn 0/11 -5.0
Core Universe Charts

Data Columns
4. MTA: Market Trend Analysis: Grn=Up, Red=Down, Gry=Undef       8. CMF: 20-day Money Flow: Grn=Up, Red=Down, Gry=Flat
5. 3-Slp: MTA 3-Slope Test: Grn=Up, Red=Down, Gry=Undef       9. NH/NL: Weeks since price was this high or this low
6. RelStr: Slp of ETF/Slp of SPX. Grn=Up, Red=Down, Gry=Weak     10. Total: Aggregate score for columns 4 through 9.
7. MoSlp: Slope of 5-month regression line shown as %/month        

Quick Analysis

MTA
The MTA (Macro-Trend Analyzer) is based on Bill Williams' Alligator but I stretched out the periods from his 5-8-13 day EMAs to 13-21-34 week EMAs.
There are two ways of evaluating the MTA. The "strict" test looks for all three averages being in vertical order. In other words, the strict test looks for the fast average on top, the medium average in the middle, and the slow average on the bottom for a rising trend.
The second way of evaluating the MTA is the 3-Slope test. The 3-slope test signals an advance when all 3 rows of dots are green or yellow. If all 3 slopes are red or orange, a decline has begun. The 3-slope test responds more quickly than the strict test.
The top row of dots shows the slope of the fast average. The middle row of dots shows the slope of the medium average. The bottom row of dots shows the slope of the slow average. Green dots indicate a rising trend. Yellow dots show rising but in transition. Red dots mean a falling trend, and orange dots indicate falling but in transition.

RelStr
RelStr is Relative Strength. Relative Strength compares the 6-month slope of a security with the 6-month slope of a major market index. We use the SPX as the index. RelStr does not work for SPY or VTI since they are both highly correlated to SPX. (Background color for RelStr is still a work in progress.)
Relative Strength lets you see which securities are doing better than the market as a whole. When the market is rising, it makes sense to keep your money in the securities that are doing the best. When the market is falling it makes sense to keep your money in securities that going the other way (up).

MoSlp
This column shows the slope of the 5-month regression line of price expressed in percentage change per month. If the slope is greater than 0.5, the background color will be green. If the slope less than -0.5, the background color will be red. If the slope is between -.05 and 0.5 it is considered flat and the background color will be gray.
MoSlp gauges the intermediate-term trend which can help you compare securities. Autoscaling (adjusting the y-scale of the price charts to fit the range of the data) can make it difficult to judge the actual slope of price. MoSlp provides a responsive and objective number.

CMF
CMF is the Chaikin Money Flow. If the CMF is greater than 0.02 then the background will be green. If the CMF is less than -0.02, the background will be red. Otherwise, the background color will be gray.
Marc Chaikin's Money Flow indicator was specifically designed to reveal the actions of the institutional investors. Institutional investors are the big money traders on Wall Street and arguing with them is like trying to swim up stream. However, the CMF does not necessarily have to be above zero before you buy a security. If the CMF is rising and half way to the zero line), it may be safe to go long if the other indicators are positive.

NH/NL
This column shows the NewHigh/NewLow ratio. The NewHigh is the number of weeks since price was higher than now. The NewLow is the number of weeks since price was lower than now. If the New High number is greater than the New Low + 3, then the background color will be green. If the New Low number is greater than the New High + 3, then the background color will be red. Otherwise, the background color will be gray. Both numbers are capped at 99.
If the New High number keeps getting larger and the New Low number stays small (single digits), this is an indication that price is going steadily up. When the New High number is greater than or equal to 52, it means that the effect of historic resistance (previous price action) has been greatly diminished.

Total
Aggregate score for columns 4 through 9. The MTA column receives a score of 1 if the strict test is UP or a -1 if the strict test is DN. The 3-Slp column receives a 1 for an UP or a -1 for DN. RelStr receives a 1 if the stock is rising and has a higher RS than the index. It gets a -1 is the stock is declining and it is falling faster than the index. MoSlp gets 1 for positive or -1 for negative. CMF receives a 1 for positive money flow or a -1 for negative money flow.
The background color of the cell will be green if the total score is 4 or more. The cell color will be red if the score is -4 or less.