Diversified Services 2023-10-09: UP +1 to AVERAGE strength rating (5th strongest of 9 levels), previous move was DOWN

TABLE OF CONTENTS

1. INDUSTRY OVERVIEW
   1A. Performance
   1B. Background
2. SUB-INDUSTRIES AND STOCKS DETAIL
   2A. Sub-Industries Overview
   2B. Sub-Industries 10-Week Strengthening Analysis
   2C. Stocks 1 Week Strongest and Weakest
3. STRENGTH BY LOOKBACK PERIOD (with Best/Worst stocks)
   3A. Lookback 6 Months
   3B. Lookback 4 weeks
   3C. Lookback 1 Week

1. INDUSTRY OVERVIEW

1A. Performance

Past 10 Weeks Strengthening/Weakening week-by-week, per the following chart:

STRENGTHENING 1 Week vs. Mid- and Longer-Term // 1 week positive/negative stocks ratio is HIGHER than both 4 weeks and 6 Months, per the following chart:

Comment:
- Research remains Weakest but 5 strengthening sub-industries is a healthy move.

1B. Background

Largest of 9 sub-industries (144 stocks, average 16):

• Business/Management Services (65 stocks)
• Staffing & Outsourcing Services (18 stocks)
• Education & Training Services (14 stocks)
• Rental & Leasing Services (14 stocks)

Top 10 by Market Capitalization:
V/Visa Inc, MA/Mastercard Incorporated, FI/Fiserv Inc., MCO/Moody's Corporation, CTAS/Cintas Corp, PAYX/Paychex Inc, VRSK/Verisk Analytics Inc, GPN/Global Pmts Inc, URI/United Rentals Inc, FICO/Fair Isaac Inc

2. SUB-INDUSTRIES AND STOCKS DETAIL

2A. Sub-Industries Overview

Strengthened: 5/9 sub-industries
Weakened: 0/9 sub-industries

STRONGEST at Strongest rating/1st strongest of 9 levels:

• Consumer Services (1 stock)
• Education & Training Services (14 stocks) (4th/Strong rating, more than 1 stock)
• Technical Services (10 stocks) (4th/Strong rating, more than 1 stock)

WEAKEST at Weakest rating/9th strongest of 9 levels:

• Research Services (6 stocks)

2B. Sub-Industries 10-Week Strengthening Analysis

What: recent week-by-week strength changes for the industry and each underlying sub-industry
Why: objective measurement of strengthening and weakening enabling comparison within and across industries and sub-industries

2C. Stocks 1 Week Strongest and Weakest

What: stocks currently rated Strongest/Weakest (highest/lowest of 9 strength ratings)
Why: most interesting stocks for available capital because

• the Strongest have the least amount of overhead supply to dampen breakouts while
• the Weakest may be prone to volatility, subject to big pops from bottom-fishing and short-covering BUT ALSO to bigger and faster falls.

(Not guaranteed and not a recommendation - weak stocks in weakening sub-industries may be better shorts than high-flyers.)

3. STRENGTH BY LOOKBACK PERIOD (with Best/Worst stocks)

3A. Lookback 6 Months

3B. Lookback 4 weeks

3C. Lookback 1 Week