SMO Exclusive: Strength Report Electronics Sub-Industry Partial 2024-04-25
Following up my 4/25/24 Technology Sector Strength report, attached is a unique, simple-yet-detailed look at stocks in 3 Electronics Industry sub-industries: Semiconductors - 🔹 Broad Line, 🔹 Integrated Circuits, 🔹 Specialized.
These 3 sub-industries have 44 stocks. Each stock is ranked below based on their strength. I apply this same objective strength ranking system to the market, 29 industries, 198 sub-industries, and 2,667 stocks in my universe to help those interested in using strength as a key component of their systems clearly and objectively discern where there is existing and emerging strength in the U.S. market.
It’s not the only way, but it is one logical way to look at the market. And it follows the tenets that
🔹 the market does not need to be so complicated,
🔹 the stronger your stocks, the greener your P&L,
🔹 the multi-week rally begins with one up week,
🔹 100% returns start as 10% returns,
🔹 you won’t find what you aren’t looking for.
SECTIONS OVERVIEW
TOP: Shows the 8 sub-industries next to the Electronics industry ranking (strengthened this week from 6Weak to 5Average).
MIDDLE: Shows the preceding 10-week week-by-week rankings for the Electronics industry and these 3 sub-industries.
BOTTOM: Shows the current rankings for the 13 Broad Line, 14 Integrated Circuits, and 17 Specialized stocks in these 3 sub-industries.
HOW TO READ
Bottom section 2nd row MTSI ID = 15-41-51. Meaning
🔹 The stock is rated 1Strongest and did not change rankings this week
🔹 its sub-industry (Broad Line Semiconductors ranked 4Strong) STRENGTHENED this past week
🔹 its industry (Electronics ranked 5Average) STRENGTHENED this past week.
Bottom section last row SPWR ID = 95-65-51. Meaning
🔹 The stock is rated 9Weakest and did not change rankings this week
🔹 its sub-industry (Specialized Semiconductors ranked 6Weak) did not change this week
🔹 and its industry (Electronics ranked 5Average) STRENGTHENED this past week.
SO WHAT?
Whether you buy strength and sell weakness or buy weakness and sell strength, objectively important information you want is here.
Unlike other methods, this one automatically builds in sub-industry and industry strength, as noted above.
Once you layer in the current market environment status – I use the Market Strength Score, which currently states No New Shorts – you get the green light to pull the trigger, depending on exactly what you are doing.