SMO Exclusive: Strength Report Group 3 2024-04-19
4/19/24, here’s the final appetizer to the full market report out soon. Today is the strength-based Industry Group 3 report (Aerospace Defense, Chemicals, Drugs, Manufacturing, and Wholesale). Bottom line: better than last week, but still weakened.
Key driving influences behind this methodology:
🔹 The market does not have to be so complicated.
🔹 The journey to multi-month rallies begins with one up week.
🔹 The journey to 100%+ returns begins with 10% returns.
🔹 You won’t find what you aren’t looking for.
🔹 The stronger your stocks, the greener your portfolio.
Unique U.S. Stock Market strength-based insights are summarized below.
SUMMARY: WEAKENED, 2/5 INDUSTRIES RANKING WEAKENED, 75% NEGATIVE STOCKS
🔹 Industry Strength Level Changes: Chemicals, Drugs WEAKENED
🔹 Industries
- Strongest Aerospace Defense, Manufacturing (4Strong)
- Weakest Drugs (6Weak)
🔹 Sub-industries (30)
- 7% Strengthened, 47% Weakened
- Strongest: Wholesale Drugs (2VStrong)
- Weakest: Diagnostic Substances, Drug Mfrs - Major, Agricultural Chemicals (6Weak)
- @ 5 Year+ Highs/Lows: Drugs 11% lows
🔹 Stocks
- Positive:Negative: Industry avg 25%/75%; Chemicals 79%, Manufacturing 82% negative
- Strongest:Weakest: Avg 15%/30%; Aero/Defense 52%:14%, Drugs 5%:36%
- Outlier Stocks: SPCE -20%, PRPH -20%, EYPT -22%
- Stocks <-10%: Drugs 16%
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
