Over the last 20 days, 60% of all information technology companies were up and 40% were down. So, net +20% of tech stocks were up. In contrast, only 34% of the utilities were up and 66% were down. That's almost 2:1 on the downside.
We also measure the percent of days stocks from each sector are up and the percent of days they are down. Over the long-term this mean reverts to 50%, but over the short term stocks can go on "runs". Over the last 20 days, health care, consumer staples and information technology were up 56%, 55% and 54% of the days respectively. On the other hand, utilities were only up 48% of the days.
