So far this year Health Care and Tech stocks are the only North American sectors that have managed to keep 80% or more of their stocks trading above their 200-day moving average. The Industrial sector has hung in there as well as the latest reading shows over 70% of the stocks are trading above their 200-day moving average. This is not the case, however, for Consumer Discretionary and Financial stocks. For the Consumer Discretionary sector, this is a noticeable change in trend from 2013 where for practically the entire year 80% or more (and in May 97% of stocks!) were trading above their 200-day moving average. Financial stocks have really taken a hit in 2014. For the first 5 months of 2013, 90% of stocks were trading above their 200-day moving average. 2014 is starting off on a much different foot as only 46% of stocks are above their 200-day moving average. Finally, contrarians take note: Telecom and Utility sectors have been washed out the most. Neither has reached the 20% level that we like to see but the downside risk in these sectors seems much lower than the others. Charts of all 10 sectors are below.