SMO Exclusive: Strength Report Technology Sector 2024-07-18

Brian Degracia

18 Jul 2024 • 3 min read

Technology Sector as of/for the week ending 7/18/24 (Hardware, Software/Services, Electronics aka Chips/Semis, Internet, Telco). Doing well but not as strong as Financials (covered yesterday). Details below, genuinely unique and unavailable elsewhere because I created this method from scratch to answer on an on-going basis the following question: “Where is there strengthening and weakening in the market at the stock, sub-industry, and industry levels?”

For more on this analytical method, here’s last Friday’s comprehensive market overview 2024-07-12.

Take a look below, you might find this helpful. Some highlights:

🔹 Industry Strength Level Changes: Hardware, Internet, Telecommunications STRENGTHENED
🔹 Industries: Strongest Hardware, Electronics, Internet, Telco (4Strong); Weakest Software/Services (5Average)
🔹 Sub-industries (30): 30% Strengthened ranking, 17% Weakened
🔹 Strongest: Security Software/Services (1Strongest) Weakest: Healthcare Info Services, Diversified Communications (6Weak)
🔹 Stocks, Positive:Negative: Industry avg 62%/38%; Software 68%, Telecommunications 88% positive
🔹 Stocks, Strongest:Weakest: Industry avg 34%/14%; Electronics 39%:8%
🔹 Outlier Stocks: COMM +23%; AEHR +25%, BW -21%, SPWR -41%
🔹 Internet 20% stocks >+10%; Electronics 11% stocks <-10%

Key concept for me - the journey to 100% returns begins with 10% returns. Act appropriately.