Telecommunications 2023-10-26: DOWN -1 to WEAKER strength rating (7th strongest of 9 levels), previous move was UP

Is Ma Bell feeling it these days? If you mean weaker, yes. 56% stocks rated Weakest, 4 weeks 42% stocks down a minimum of -10%, only 18% positive stocks for the week just completed.

Full details in the downloadable report linked below.

What are you seeing here and why do you care? Partial listing:

🔹 An objective measurement of industry strengthening and weakening so you can objectively compare strength and weakness across/within industries and sub-industries.

🔹 A listing of stocks rated Strongest and Weakest (highest/lowest strength of 9 levels) by sub-industry, saving you significant time finding stocks that may be prone to making bigger moves faster. Stronger stocks have less overhead resistance, Weaker stocks are prone to “pops” from bargain hunting and short-covering yet due to preceding weakness are also prone to falling far and fast.