Below we hightlight the percentage of stocks in the S&P 500 and its ten sectors that are trading above their 50-day moving averages. This is a good measure of breadth to see how healthy various areas of the market are. It's a good sign when more than 50% of stocks are above their 50-days, and as shown, the level for the S&P 500 is currently at 63%.
The only two sectors with less than 50% of stocks above their 50-days are Financials (42%) and Consumer Discretionary (48%). Utilities, Telecom, Energy and Technology currently have the highest percentage of stocks above their 50-days. After hitting 0% in early January, 76% of stocks in the Tech sector are now back above their 50-days.