Metals & Mining 2023-11-07: UNCHANGED at WEAK strength rating (6th strongest of 9 levels), previous move was DOWN

Minimal activity of note in Metals & Mining, 44% of stocks are rated Weakest, Gold unchanged at Weak.

Top market cap stocks: SCCO/Southern Copper Corp, FCX/Freeport-McMoran Inc, NUE/Nucor Corp, NEM/Newmont Corporation, GOLD/Barrick Gold Corp, FNV/Franco Nevada Corp, AEM/Agnico Eagle Mines Ltd, TECK/Teck Resources Limited, WPM/Wheaton Precious Metals Corp, STLD/Steel Dynamics Inc.

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.