Sign in Subscribe

Energy, Materials/Construction, Metals/Mining strength status as of 2023-05-04?

Brian Degracia

• 2 min read
Energy, Materials/Construction, Metals/Mining strength status as of 2023-05-04?
Energy not displaying energy - weak over the past week.

To supplement what you may be able to find elsewhere, here is a comparison of strength for three disparate industries.

Over the past week:
- Energy weakened and is Weak
- Materials/Construction was unchanged and is Strong
- Metals was unchanged and is Average strength

Head-to-head Summaries

The weakening is evident.
Note Residential Construction is strongest.
Gold is leading the way and actually has the Strongest rating.

More Detail - by Sub-Industry

The following graphics show the week-by-week change over the past four weeks. The strength differences at the sub-industry level are clear.

Energy has been weakening for the past three weeks. The surprise OPEC production cut seems like it was a long time ago.
Note the four week strength of Residential Construction.
As with Residential Construction in the Materials/Construction Industry, Gold is and has been the strongest in its industry.

Next Steps - Leaders in the Strong/Strengthening Industries/Sub-Industries

This method is helpful in that one can easily see the individual stocks that are leading and lagging in each industry/sub-industry.  Previous posts have provided detailed stock-by-stock reports. If you are interested in seeing stocks compared within specific industries/sub-industries please contact me as noted here. These reports will be provided periodically for free subscribers.

Sign up for more like this.

Enter your email
Subscribe