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SMO Exclusive: 2024-12-13 SP500 4Strong (Weakened), NDX 4Strong (Unchanged)

Brian Degracia

• 2 min read
SMO Exclusive: 2024-12-13 SP500 4Strong (Weakened), NDX 4Strong (Unchanged)
S&P 500 three of eight sectors weakened rating (Basic Materials to 6Weak, and both Financials and Services to 4Strong). None strengthened rating. Four weakened but did not change rating. One strengthened but did not change rating. There are five sectors tied for "strongest" at 4Strong: Financials, Industrial Goods, Services, Technology, and Utilities. Two are tied for "weakest" at 6Weak: Basic Materials and Health Care.

Background

This analysis provides a Stock Market Organizer summary view of the S&P 500 and Nasdaq 100 for the week ended Friday, 12/13/24. This means this is a stock-by-stock strength analysis of the component stocks for each index, aggregated upward in level to the sector and index levels.

This purposely excludes the Dow Industrials. This analysis is more impactful the more the stocks analyzed. In turn, I pay minimal attention to the strength scores calculated for the NDX sectors, except for Technology which has 47 stocks.

What do the Pies say?

The two indexes were mostly negative last week and both had negative average returns.

The S&P 500 has a 2.5:1 and the NDX a 2.2:1 ratio of stocks rated 1Strongest to 9Weakest. All stocks in each index rated 1Strongest or 9Weakest are listed in the sections below providing detail for each index.

S&P 500 Detail: Component Sectors and 1Strongest / 9Weakest Stocks

Nasdaq 100: Component Sectors and 1Strongest / 9Weakest Stocks

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