SMO Exclusive: Strength Report Consumer Sector 2024-04-19
4/19/24 Consumer sector weakened but still stabilizes a bit after 2 face-plant weeks. Unique U.S. stock market strength-based insights: 🔹 Consumer Durables and Specialty Retail weakened one ranking while Food & Beverage strengthened one ranking, as the weighted average strength ranking barely drops 0.1 point to 5.4, 🔹 the sector had a better balanced though still negative 41%/59% positive/negative stocks week with Consumer Durables at 76% and Specialty Retail 77% negative, 🔹 10% of 41 sub-industries strengthened ranking as 29% weakened.
WHAT’S HAPPENING HERE?
I am…
Finding U.S. Stock Market strength from the
top down,
inside out,
and bottom up, because
the stronger your stocks, the greener your P&L.
The market does not need to be so complicated.
TAKEAWAYS
SUMMARY: STABILIZED WITH A WEAKENING BIAS
🔹 Industry Strength Level Changes: Food & Beverage STRENGTHENED, Consumer Durables, Specialty Retail WEAKENED
🔹 Industries
- Strongest Cons Non-Durables, Food & Beverage, Retail (5Avg)
- Weakest Cons Durables, Specialty Retail (6Weak)
🔹 Sub-industries (41)
- 10% Strengthened, 29% Weakened
- Strongest: Farm Products, Paper Products (3Stronger)
- Weakest: Confectioners (9Weakest)
- @ 5 Year+ Highs/Lows: Consumer Durables 12% lows
🔹 Stocks
- Positive:Negative: Avg 41%/59%; Consumer Durables 76%, Specialty Retail 77% negative
- Strongest:Weakest: Industry avg 14%/28%; Consumer Durables 7%:32%
- Outlier Stocks: None
1. Introduction
2. Industry 1-Week Strengthening
3. Industry 10-Week Strengthening
4. Sub-Industry 10-Week Strengthening
5. Stocks Outliers: Strongest/Weakest Rated
6. Stocks Outliers: 1-Week % Change
7. Stocks Outliers: 5-Year Highs/Lows
