Lowry Weekly Sector Commentary: November 07, 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.