Market Internals
XLB Breadth & Participation
Breadth measures how many constituents actually back the fund's move. When XLB climbs but participation narrows, the rally is fragile. These oscillators are computed across the current XLB cohort — equal-weight reveals broad participation, ETF-weight reveals whether the largest constituents are doing the lifting.
Above 20d SMA79.2%short-term
Above 50d SMA66.7%medium-term
Above 200d SMA62.5%long-term trend
% Overbought29.2%RSI > 70
% Oversold8.3%RSI < 30
Breadth is calculated over the current XLB membership snapshot. Older readings carry survivorship bias (removed names are excluded) until point-in-time holdings are stored daily.
Distance From Moving Average
Each tile is a holding (size = weight), colored by how far its close sits above/below the SMA 200. 62.5% of the fund is above it.
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