Utilities 2023-11-06: UNCHANGED at WEAKER strength rating (7th strongest of 9 levels), previous move was UP

Utilities some improvement but not as dramatic as other industries. 1 week 95% positive but low 5%/50% Strongest/Weakest stocks ratio.

Top market cap stocks: NEE/NextEra Energy, SO/Southern Company The, DUK/Duke Energy Corp, SRE/Sempra Energy, EXC/Exelon Corporation, AEP/American Electric Power, D/Dominion Energy Inc, PCG/Pacific Gas & Electric Co, XEL/Xcel Energy Inc, ED/Consolidated Edison Inc.

Full details at downloadable file 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.