SMO Exclusive: Strength Report Industry Group 1 2024-08-06
If you are interested in stacking strength as much as possible at the stock, sub-industry, industry, sector, and market levels, this report is for you. Below: the as of/for the week ending 8/6/24 Stock Market Organizer Industry Group 1 Strength Report, which covers the Automotive, Energy, Materials & Construction, Metals & Mining, and Transportation industries. This industry grouping weakened significantly over the past week by -1.2 to a 5.4 weighted average strength rating. Much more detail in the attached including a segmenting by sub-industry of the Strongest and Weakest (in Stock Market Organizer parlance) stocks.
Materials & Construction is holding up best in this group while Metals & Mining declined by 2 strength ratings. Meanwhile, 84% of the component sub-industries declined in strength rating. Was this a washout preparing for a nice move up, or the beginning of a potential downward cascade?
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
