Electronics 2023-10-26: DOWN -1 to WEAKER strength rating (7th strongest of 9 levels), previous move was also DOWN

Is NVDA's industry still struggling? Yes, given 50% of stocks currently rated Weakest and only 11% positive stocks last week. Specialized Semis are worst at Very Weak.

Full details at downloadable file linked below.

What are you seeing here and why do you care? Partial listing:

🔹 An objective measurement of industry strengthening and weakening so you can objectively compare strength and weakness across/within industries and sub-industries.

🔹 A listing of stocks rated Strongest and Weakest (highest/lowest strength of 9 levels) by sub-industry, saving you significant time finding stocks that may be prone to making bigger moves faster. Stronger stocks have less overhead resistance, Weaker stocks are prone to “pops” from bargain hunting and short-covering yet due to preceding weakness are also prone to falling far and fast.