The 90 Day Material Sector Mob Index Ownership Volume Distribution
13.19% Between 24.24 & 25.3217 23.28% Between 25.3317 & 26.4133 19.15% Between 26.4233 & 27.505 13.39% Between 27.515 & 28.5967 10.56% Between 28.6067 & 29.6883 20.43% Between 29.6983 & 30.78
The 90 Day Material Sector Mob Index Ownership Volume Distribution
10.29% Between 20.4399 & 21.7166
11.72% Between 21.7266 & 23.0032
17.89% Between 23.0132 & 24.2899
14.73% Between 24.2999 & 25.5766
27.37% Between 25.5866 & 26.8632
18.00% Between 26.8732 & 28.1499
The 90 Day Material Sector Mob Index Ownership Volume Distribution
13.29% Between 17.8799 & 19.5832
8.58% Between 19.5932 & 21.2966
14.62% Between 21.3066 & 23.0099
16.38% Between 23.0199 & 24.7232
27.45% Between 24.7332 & 26.4366
19.69% Between 26.4466 & 28.1499
The 90 Day Material Sector Mob Index Ownership Volume Distribution
15.18% Between 17.97 & 19.6783
17.82% Between 19.6883 & 21.3967
23.45% Between 21.4067 & 23.115
15.89% Between 23.125 & 24.8333
13.53% Between 24.8433 & 26.5517
14.14% Between 26.5617 & 28.27
The 90 Day Material Sector Mob Index Ownership Volume Distribution
13.86% Between 17.97 & 19.495
14.61% Between 19.505 & 21.03
33.13% Between 21.04 & 22.565
15.24% Between 22.575 & 24.1
7.63% Between 24.11 & 25.635
15.52% Between 25.645 & 27.17
The 90 Day Material Sector Mob Index Ownership Volume Distribution
13.73% Between 17.97 & 19.495
14.47% Between 19.505 & 21.03
34.78% Between 21.04 & 22.565
18.25% Between 22.575 & 24.1
7.56% Between 24.11 & 25.635
11.20% Between 25.645 & 27.17
The MOB Index of U.S. Materials (YM_MI) closed Monday's session down 64 points to 197.93.
The Materials Sector rally which began in March was marked by a hug influx of buyers on March 19th with an elevated MOB Index trading Volume level of 687. This huge inflow of institutional buyers propelled the Sector ETF (XLB) to rise almost 22% over the next two months on lower volume.
On May 7th the heightened Mob Index level of 482 implies that the rally may be near an end as a large number of "less sophisticated" investors enter the market for materials companies believing they can catch the rally.
This chart pattern is very bearish as it implies that there may not be sufficient demand remaining to maintain the current XLB price levels.
The 90 Day Material Sector Mob Index Ownership Volume Distribution
14.10% Between 17.97 & 19.495
14.87% Between 19.505 & 21.03
38.65% Between 21.04 & 22.565
22.98% Between 22.575 & 24.1
6.58% Between 24.11 & 25.635
2.82% Between 25.645 & 27.17
The 90 Day Material Sector Mob Index Ownership Volume Distribution:
8.01% Between 17.97 & 19.04
8.62% Between 19.05 & 20.12
15.27% Between 20.13 & 21.2
28.03% Between 21.21 & 22.28
19.83% Between 22.29 & 23.36
20.24% Between 23.37 & 24.44
8.06% Between 17.97 & 19.02
12.01% Between 19.03 & 20.08
17.03% Between 20.09 & 21.14
32.44% Between 21.15 & 22.1999
19.70% Between 22.2099 & 23.2599
10.75% Between 23.2699 & 24.3199
Materials
YM_MI
XLB
10 Day Moving Avg for YM_MI