The last three Sector Trends blog posts have examined the
changing performance of high relative strength stocks and concluded, that especially
since the October 5 blog post (the last before the government shut down
histrionics), stock market leadership had changed, or rotated, to new
names. Last week's blog noted the market
looked "prepared to move forward with a new group
of leaders".
But left unanswered was the question "who are the new
leaders?" This week's post will attempt to answer that question by examining current stock
leadership, and categorizing it as follows:
- Potential New Leaders
- Consistent Leaders
- Rising Leaders
- Falling Leaders
- Former Leaders
The blog's author follows the "CANSLIM" investing method William O'Neil described in
his book "How to Make Money in Stocks"
. As described in this book the "L" in the acronym CANSLIM
stands for Leader or Laggard - Which is
your Stock? In the book O'Neil
advocates limiting purchases to stocks with RS (Relative Strength) ratings of
80 or higher, and explains that
"the really big moneymakers have RS ratings of 90 or higher just
before they break out of their first or second base structure".
. As described in this book the "L" in the acronym CANSLIM
stands for Leader or Laggard - Which is
your Stock? In the book O'Neil
advocates limiting purchases to stocks with RS (Relative Strength) ratings of
80 or higher, and explains that
"the really big moneymakers have RS ratings of 90 or higher just
before they break out of their first or second base structure".
O'Neil's definition of a "leader" goes far beyond
its RS rank, so for the purpose of this analysis we will analyze a subset of stocks
that we will call "potential leaders". These are stocks with RS >
80, price > $20, and average daily volume > 500K. This definition will
usually produce a list of ~ 300 names. The price and volume cutoffs help
provide a reasonable measure of liquidity so they could also be considered
"potential liquid leaders". These stocks were part of the initial data screen but were
not included in any of the tables due to a lack of historical data: BITA, GOGO,
JKS, LDOS, LIN, MOLXA, NOAH, OCIP, STSA, VJET, VOYA, WUBA.
For this analysis the blog examines not only current
behavior, but how the stocks RS rating has performed in monthly increments over
the past 5 months. The data for most of these screens was pulled mid week.
Potential New
Leaders: To determine who these new leaders were the blog ran the
screen described in the paragraph above, exempting industry groups containing
ETFs and other groups containing investment funds. It returned 292 stocks.
The blog examined RS ratings for these 292 stocks on June
15, July 14, August 18, September 14, October 5, and November 12. For a stock to
be considered a potential "new leader" if its current RS rating must
be 80+, but with a RS rating < 80 for each of the June, July and August time
periods. This resulted in the 72 stocks (~ 25% of the total) seen in the table
below.
The table is sorted by RS high-to-low as of November 12. RS
ratings 90-99 are highlighted dark green, 80-89 light green, < 50 red.
The data has not been scrubbed, for example Mako Surgical, Viropharma
and Mens Wearhouse appear on the list due to buyout offers; and DSW's loss % is
inaccurate due to its recent 2 for 1 stock split.
Symbol
|
Name
|
Gain% since 10/5
|
RS 11/12
|
RS 10/5
|
RS 9/14
|
RS 8/18
|
RS 7/14
|
RS 6/15
|
Ind Group RS
|
A/D
Rating
|
MAKO
|
Mako
Surgical Corp
|
1.2%
|
98
|
98
|
77
|
60
|
34
|
13
|
A
|
A-
|
VPHM
|
Viropharma
Inc
|
21.3%
|
96
|
92
|
93
|
72
|
72
|
60
|
A+
|
B
|
AKRX
|
Akorn
Inc
|
4.2%
|
92
|
92
|
88
|
76
|
34
|
31
|
A+
|
A-
|
LPI
|
Laredo
Petroleum
|
-7.0%
|
92
|
94
|
88
|
79
|
41
|
38
|
A+
|
D
|
UTHR
|
United
Therapeutics
|
9.0%
|
92
|
89
|
85
|
75
|
76
|
76
|
A+
|
A
|
SPR
|
Spirit
Aerosystems
|
21.5%
|
92
|
72
|
76
|
78
|
59
|
52
|
A
|
B+
|
XEC
|
Cimarex
Energy Co
|
-0.2%
|
91
|
93
|
87
|
77
|
63
|
70
|
A+
|
D-
|
FIVE
|
Five
Below Inc
|
9.5%
|
91
|
85
|
82
|
54
|
72
|
50
|
C+
|
B+
|
MCK
|
Mckesson
Corp
|
19.7%
|
91
|
80
|
79
|
75
|
70
|
72
|
A+
|
A-
|
BBG
|
Barrett
Bill Corp
|
10.0%
|
91
|
76
|
61
|
49
|
41
|
62
|
A+
|
B+
|
RESI
|
Altisource
Residential
|
14.7%
|
91
|
85
|
61
|
47
|
23
|
17
|
E
|
B
|
SM
|
S M
Energy Co
|
8.1%
|
90
|
88
|
84
|
78
|
65
|
72
|
A+
|
A-
|
TRN
|
Trinity
Industries Inc
|
18.6%
|
90
|
78
|
75
|
64
|
57
|
62
|
B-
|
B+
|
NAV
|
Navistar
Intl Corp
|
4.2%
|
89
|
91
|
84
|
72
|
53
|
52
|
C
|
B-
|
LVS
|
Las
Vegas Sands Corp
|
6.8%
|
88
|
85
|
80
|
70
|
63
|
76
|
A-
|
C+
|
GNTX
|
Gentex
Corp
|
12.5%
|
88
|
80
|
76
|
58
|
78
|
73
|
B-
|
B
|
LVLT
|
Level 3
Com
|
6.3%
|
88
|
82
|
74
|
47
|
36
|
31
|
C-
|
B+
|
MW
|
Mens
Wearhouse
|
35.5%
|
88
|
30
|
33
|
75
|
77
|
69
|
B-
|
B
|
X
|
United
States Steel
|
25.7%
|
88
|
56
|
33
|
23
|
18
|
10
|
A
|
A-
|
MOLX
|
Molex
Inc
|
0.1%
|
87
|
86
|
88
|
49
|
55
|
57
|
A-
|
C
|
HAL
|
Halliburton
Company
|
11.0%
|
87
|
80
|
81
|
76
|
78
|
76
|
B+
|
B+
|
CRM
|
Salesforce.com
Inc
|
7.3%
|
87
|
84
|
79
|
49
|
49
|
20
|
A+
|
B-
|
CAH
|
Cardinal
Health Inc
|
17.0%
|
87
|
77
|
75
|
70
|
67
|
62
|
A+
|
A-
|
CLR
|
Continental
Res Inc
|
0.0%
|
87
|
87
|
75
|
70
|
72
|
50
|
A+
|
D+
|
WLL
|
Whiting
Petroleum
|
0.1%
|
87
|
86
|
59
|
54
|
43
|
41
|
A+
|
B-
|
UA
|
Under
Armour Inc
|
-1.3%
|
86
|
90
|
90
|
78
|
65
|
66
|
B-
|
C
|
SGY
|
Stone
Energy Corp
|
-5.2%
|
86
|
92
|
86
|
79
|
55
|
31
|
A+
|
D-
|
MA
|
Mastercard
Inc Cl A
|
9.6%
|
86
|
79
|
84
|
77
|
73
|
77
|
A
|
B-
|
ULTA
|
Ulta
Salon
|
4.5%
|
86
|
82
|
84
|
54
|
53
|
62
|
B
|
B-
|
NKE
|
Nike
Inc Cl B
|
6.6%
|
86
|
81
|
80
|
69
|
72
|
79
|
B+
|
A
|
FLS
|
Flowserve
Corp
|
13.7%
|
86
|
74
|
74
|
64
|
70
|
75
|
A
|
B
|
MHFI
|
Mcgraw
Hill Financial
|
7.8%
|
86
|
77
|
71
|
76
|
59
|
66
|
A-
|
B+
|
GPN
|
Global
Payments Inc
|
8.0%
|
86
|
78
|
50
|
49
|
45
|
55
|
A
|
B+
|
KORS
|
Michael
Kors
|
7.6%
|
85
|
86
|
86
|
78
|
79
|
77
|
B-
|
B+
|
VOD
|
Vodafone
Group
|
3.4%
|
85
|
82
|
79
|
60
|
49
|
50
|
B+
|
A-
|
CTSH
|
Cognizant
Tech
|
8.0%
|
85
|
75
|
68
|
49
|
38
|
13
|
A+
|
B+
|
PMTC
|
PTC Inc
|
10.9%
|
85
|
75
|
68
|
76
|
74
|
43
|
C
|
B+
|
AMZN
|
Amazon.com
Inc
|
9.6%
|
85
|
72
|
64
|
64
|
74
|
60
|
A
|
B+
|
FDX
|
Fedex
Corp
|
17.3%
|
85
|
75
|
59
|
64
|
49
|
43
|
B+
|
A-
|
BCR
|
Bard C
R Inc
|
18.9%
|
84
|
58
|
66
|
58
|
47
|
60
|
A-
|
A
|
XYL
|
Xylem
Inc
|
20.4%
|
84
|
43
|
35
|
20
|
55
|
36
|
C+
|
B
|
APOL
|
Apollo
Group Inc
|
23.9%
|
84
|
43
|
30
|
17
|
12
|
29
|
A
|
C+
|
ECL
|
Ecolab
Inc
|
7.1%
|
83
|
81
|
82
|
75
|
76
|
73
|
C-
|
B-
|
DLTR
|
Dollar
Tree Inc
|
0.1%
|
83
|
78
|
76
|
62
|
72
|
55
|
C+
|
B
|
FRX
|
Forest
Labs Inc
|
13.9%
|
83
|
56
|
69
|
74
|
68
|
69
|
A+
|
A+
|
LM
|
Legg
Mason Inc
|
15.8%
|
83
|
74
|
68
|
62
|
65
|
73
|
C-
|
B-
|
BRY
|
Berry
Petroleum
|
14.5%
|
83
|
58
|
57
|
47
|
32
|
50
|
A+
|
B
|
ARW
|
Arrow
Electronics
|
9.3%
|
82
|
79
|
78
|
76
|
65
|
45
|
A-
|
B+
|
SHLD
|
Sears
Holdings
|
-3.7%
|
82
|
89
|
78
|
5
|
13
|
17
|
C-
|
B+
|
DSW
|
D S W
Inc
|
-46.6%
|
82
|
74
|
75
|
75
|
76
|
70
|
B-
|
C
|
SN
|
Sanchez
Energy
|
-9.4%
|
82
|
87
|
75
|
68
|
72
|
75
|
A+
|
C-
|
AWAY
|
Homeaway
Inc
|
14.1%
|
82
|
49
|
74
|
66
|
70
|
79
|
B+
|
B-
|
HP
|
Helmerich
& Payne
|
4.1%
|
82
|
80
|
74
|
60
|
74
|
60
|
C+
|
B+
|
DV
|
Devry
Education
|
16.0%
|
82
|
54
|
71
|
54
|
72
|
57
|
A
|
B
|
TJX
|
T J X
Cos Inc
|
9.4%
|
82
|
71
|
69
|
54
|
63
|
69
|
B-
|
B
|
AON
|
Aon Plc
|
10.6%
|
82
|
75
|
68
|
68
|
70
|
75
|
C+
|
A+
|
AVGO
|
Avago
Technologies
|
3.7%
|
82
|
76
|
57
|
47
|
61
|
57
|
B+
|
B
|
HUN
|
Huntsman
Corp
|
4.2%
|
82
|
82
|
57
|
45
|
59
|
62
|
B-
|
B+
|
PRGO
|
Perrigo
Co
|
16.3%
|
82
|
54
|
55
|
51
|
57
|
50
|
A-
|
B
|
FRC
|
First
Republic Bank
|
5.9%
|
81
|
82
|
81
|
76
|
55
|
62
|
B+
|
A-
|
FLR
|
Fluor
Corp
|
7.8%
|
81
|
75
|
59
|
60
|
49
|
48
|
C
|
B
|
SBAC
|
S B A
Communications
|
17.1%
|
81
|
54
|
55
|
41
|
65
|
76
|
A
|
B+
|
BHI
|
Baker
Hughes Inc
|
15.5%
|
81
|
54
|
53
|
43
|
59
|
41
|
A-
|
A-
|
YOKU
|
Youku
Tudou
|
-14.2%
|
80
|
94
|
90
|
62
|
32
|
55
|
A+
|
B-
|
HAIN
|
Hain
Celestial Group
|
6.7%
|
80
|
79
|
81
|
72
|
73
|
70
|
D
|
B+
|
MSCI
|
M S C I
Inc
|
4.1%
|
80
|
81
|
72
|
69
|
53
|
43
|
B
|
D+
|
CAKE
|
Cheesecake
Factory
|
10.5%
|
80
|
64
|
71
|
75
|
78
|
79
|
A
|
B
|
CERN
|
Cerner
Corp
|
3.2%
|
80
|
77
|
66
|
60
|
68
|
76
|
A
|
B-
|
LINTA
|
Liberty
Interactive
|
13.0%
|
80
|
66
|
64
|
49
|
78
|
76
|
C+
|
B-
|
LO
|
Lorillard
Inc
|
15.3%
|
80
|
51
|
53
|
37
|
57
|
60
|
D-
|
A+
|
FWLT
|
Foster
Wheeler
|
11.9%
|
80
|
71
|
44
|
58
|
43
|
62
|
A
|
B-
|
CLGX
|
Corelogic
Inc
|
23.2%
|
80
|
49
|
40
|
47
|
47
|
33
|
A
|
B-
|
Looking at industry group composition the Oil&Gas-U S
Expl&Prod group has 9 representatives, the Retail-Apparel/Shoes/Acc
group has three, no other group has more than two.
Consistent
Leaders: This group of 33 stocks has maintained an RS rating of 95+ for
each of the monthly periods since June 15th and, at least by this measure, are
the most consistently high RS stocks of the past 5 months. The list is sorted
high-to-low by gain% since October 5.
Symbol
|
Name
|
Gain% Since Oct. 5
|
RS 11/12
|
RS 10/5
|
RS 9/14
|
RS 8/18
|
RS 7/14
|
RS 6/15
|
Ind Group RS
|
A/D 11/12
|
CSIQ
|
Canadian
Solar Inc
|
44.1%
|
99
|
99
|
99
|
99
|
99
|
99
|
A+
|
A
|
SNTS
|
Santarus
Inc
|
42.5%
|
97
|
93
|
95
|
99
|
99
|
98
|
A+
|
B+
|
SCTY
|
SolarCity
Corp
|
39.6%
|
99
|
97
|
98
|
98
|
99
|
99
|
A+
|
B
|
SAVE
|
Spirit
Airlines Inc
|
26.5%
|
97
|
92
|
92
|
92
|
94
|
96
|
B-
|
B+
|
VIPS
|
Vipshop
Holdings
|
24.4%
|
99
|
99
|
99
|
99
|
99
|
99
|
A
|
B+
|
ABFS
|
Arkansas
Best
|
20.0%
|
99
|
98
|
98
|
98
|
99
|
98
|
B-
|
A
|
DXCM
|
Dexcom
Inc
|
19.4%
|
96
|
94
|
95
|
96
|
95
|
95
|
A
|
B-
|
WBMD
|
Webmd
Health Corp
|
16.4%
|
95
|
94
|
92
|
96
|
97
|
95
|
A+
|
B-
|
BBY
|
Best
Buy Co Inc
|
14.7%
|
98
|
97
|
98
|
94
|
94
|
94
|
A+
|
A-
|
FANG
|
Diamondback
Energy
|
14.1%
|
98
|
97
|
98
|
97
|
96
|
97
|
A+
|
B
|
GME
|
Gamestop
Corp Cl A
|
12.3%
|
95
|
95
|
97
|
97
|
97
|
96
|
A+
|
A-
|
DAL
|
Delta
Air Lines Inc
|
11.6%
|
96
|
96
|
95
|
94
|
93
|
95
|
B-
|
A-
|
KKD
|
Krispy
Kreme
|
11.2%
|
97
|
96
|
95
|
99
|
98
|
98
|
A
|
B+
|
NUS
|
Nu Skin
|
10.7%
|
97
|
97
|
97
|
97
|
96
|
92
|
B+
|
B-
|
SPWR
|
Sunpower
Corp
|
9.0%
|
99
|
99
|
99
|
99
|
99
|
99
|
A+
|
C
|
AMBA
|
Ambarella
Inc
|
7.7%
|
96
|
96
|
95
|
96
|
98
|
98
|
B+
|
C+
|
MPEL
|
Melco
Crown
|
6.2%
|
95
|
96
|
95
|
94
|
90
|
95
|
A-
|
C-
|
NXST
|
Nexstar
Broadcast
|
5.0%
|
99
|
99
|
98
|
98
|
99
|
99
|
A+
|
B-
|
P
|
Pandora
Media Inc
|
2.7%
|
98
|
97
|
98
|
97
|
95
|
90
|
C-
|
B+
|
NFLX
|
Netflix
Inc
|
2.0%
|
98
|
99
|
99
|
98
|
99
|
99
|
A-
|
B-
|
YY
|
YY Inc
Ads
|
-0.9%
|
99
|
99
|
99
|
99
|
99
|
99
|
A+
|
C
|
SBGI
|
Sinclair
Broadcast
|
-3.4%
|
97
|
97
|
97
|
96
|
99
|
99
|
A+
|
B
|
QIHU
|
Qihoo
360
|
-5.5%
|
98
|
99
|
99
|
99
|
98
|
97
|
A+
|
C-
|
Z
|
Zillow
Inc Cl A
|
-6.3%
|
95
|
97
|
98
|
99
|
93
|
90
|
A+
|
D-
|
ISIS
|
Isis
Pharmaceuticals
|
-9.7%
|
98
|
98
|
98
|
97
|
99
|
97
|
A+
|
C+
|
CLVS
|
Clovis
Oncology Inc
|
-10.2%
|
97
|
97
|
99
|
99
|
99
|
99
|
A+
|
E
|
CTRP
|
Ctrip.com
Intl Ltd Adr
|
-14.1%
|
96
|
98
|
98
|
99
|
96
|
97
|
B+
|
D-
|
ALNY
|
Alnylam
Pharma
|
-16.2%
|
97
|
99
|
99
|
99
|
99
|
96
|
A+
|
E
|
AEGR
|
Aegerion
Pharma
|
-16.8%
|
98
|
99
|
99
|
99
|
99
|
99
|
A+
|
C-
|
CLDX
|
Celldex
Therapeutics
|
-20.7%
|
99
|
99
|
99
|
99
|
99
|
99
|
A+
|
C+
|
ACAD
|
Acadia
Pharma
|
-21.5%
|
99
|
99
|
99
|
99
|
99
|
99
|
A+
|
B+
|
TSLA
|
Tesla
Motors Inc
|
-23.9%
|
98
|
99
|
99
|
99
|
99
|
99
|
B
|
D
|
NPSP
|
N P S
Pharma
|
-26.0%
|
97
|
99
|
99
|
99
|
96
|
97
|
A+
|
D
|
Rising Leaders:
This subset of stocks is showing the greatest positive change in RS rank since
October 5, and is sorted high-to-low by RS delta. As above, the data is
unscrubbed.
Symbol
|
Name
|
Gain% since 10/5
|
Delta
|
RS 11/12
|
RS 10/5
|
RS 9/14
|
RS 8/18
|
RS 7/14
|
RS 6/15
|
MW
|
Mens
Wearhouse Inc
|
35.5%
|
58
|
88
|
30
|
33
|
75
|
77
|
69
|
XYL
|
Xylem
Inc
|
20.4%
|
41
|
84
|
43
|
35
|
20
|
55
|
36
|
APOL
|
Apollo
Group Inc Cl A
|
23.9%
|
41
|
84
|
43
|
30
|
17
|
12
|
29
|
AWAY
|
Homeaway
Inc
|
14.1%
|
33
|
82
|
49
|
74
|
66
|
70
|
79
|
X
|
United
States Steel
|
25.7%
|
32
|
88
|
56
|
33
|
23
|
18
|
10
|
CLGX
|
Corelogic
Inc
|
23.2%
|
31
|
80
|
49
|
40
|
47
|
47
|
33
|
HPQ
|
Hewlett-Packard
Co
|
23.3%
|
30
|
86
|
56
|
57
|
93
|
92
|
85
|
GOOG
|
Google
Inc
|
16.0%
|
29
|
80
|
51
|
64
|
60
|
81
|
82
|
LO
|
Lorillard
Inc
|
15.3%
|
29
|
80
|
51
|
53
|
37
|
57
|
60
|
DV
|
Devry
Education
|
16.0%
|
28
|
82
|
54
|
71
|
54
|
72
|
57
|
PRGO
|
Perrigo
Co
|
16.3%
|
28
|
82
|
54
|
55
|
51
|
57
|
50
|
FRX
|
Forest
Labs Inc
|
13.9%
|
27
|
83
|
56
|
69
|
74
|
68
|
69
|
SBAC
|
S B A
Comm
|
17.1%
|
27
|
81
|
54
|
55
|
41
|
65
|
76
|
BHI
|
Baker
Hughes Inc
|
15.5%
|
27
|
81
|
54
|
53
|
43
|
59
|
41
|
BCR
|
Bard C
R Inc
|
18.9%
|
26
|
84
|
58
|
66
|
58
|
47
|
60
|
BRY
|
Berry
Petroleum
|
14.5%
|
25
|
83
|
58
|
57
|
47
|
32
|
50
|
PVTB
|
Privatebancorp
Inc
|
20.5%
|
24
|
86
|
62
|
77
|
86
|
85
|
72
|
MDCO
|
Medicines
Company
|
10.5%
|
20
|
82
|
62
|
78
|
51
|
57
|
84
|
SPR
|
Spirit
Aerosystems
|
21.5%
|
20
|
92
|
72
|
76
|
78
|
59
|
52
|
UAL
|
United
Continental
|
15.9%
|
19
|
87
|
68
|
75
|
79
|
76
|
88
|
EXH
|
Exterran
Holdings
|
14.8%
|
19
|
81
|
62
|
68
|
74
|
93
|
94
|
CP
|
Canadian
Pacific Rail
|
17.0%
|
17
|
81
|
64
|
64
|
60
|
79
|
84
|
XONE
|
ExOne
Company
|
39.5%
|
16
|
92
|
76
|
95
|
98
|
99
|
97
|
CAKE
|
Cheesecake
Factory
|
10.5%
|
16
|
80
|
64
|
71
|
75
|
78
|
79
|
BLMN
|
Bloomin'
Brands Inc
|
13.5%
|
15
|
81
|
66
|
83
|
88
|
94
|
95
|
BBG
|
Barrett
Bill Corp
|
10.0%
|
15
|
91
|
76
|
61
|
49
|
41
|
62
|
SNDK
|
Sandisk
Corp
|
10.2%
|
14
|
86
|
72
|
74
|
64
|
86
|
85
|
LINTA
|
Liberty
Interactive
|
13.0%
|
14
|
80
|
66
|
64
|
49
|
78
|
76
|
Falling Leaders:
This subset of stocks still has RS > 80 but is showing the largest decline
in RS since October 5. Unscrubbed data.
Symbol
|
Name
|
Gain% since 10/5
|
Delta
|
RS 11/12
|
RS 10/5
|
RS 9/14
|
RS 8/18
|
RS 7/14
|
RS 6/15
|
YOKU
|
Youku
Tudou
|
-14.2%
|
-14
|
80
|
94
|
90
|
62
|
32
|
55
|
LNKD
|
Linkedin
Corp
|
-14.6%
|
-13
|
81
|
94
|
96
|
96
|
93
|
90
|
TRLA
|
Trulia
Inc
|
-24.0%
|
-11
|
86
|
97
|
98
|
97
|
87
|
80
|
WWWW
|
Web.com
Group Inc
|
-20.5%
|
-11
|
84
|
95
|
96
|
96
|
94
|
88
|
HLF
|
Herbalife
Ltd
|
-9.3%
|
-10
|
83
|
93
|
93
|
92
|
65
|
64
|
GDP
|
Goodrich
Petroleum
|
-27.2%
|
-8
|
90
|
98
|
99
|
98
|
55
|
22
|
GDOT
|
Green
Dot Corp Cl A
|
-8.2%
|
-8
|
87
|
95
|
95
|
97
|
87
|
83
|
GPOR
|
Gulfport
Energy Corp
|
-14.8%
|
-8
|
86
|
94
|
93
|
92
|
93
|
96
|
PXD
|
Pioneer
Natural Res
|
-9.2%
|
-8
|
86
|
94
|
92
|
90
|
91
|
88
|
CIEN
|
Ciena
Corporation
|
-14.2%
|
-8
|
87
|
95
|
92
|
86
|
91
|
84
|
LGF
|
Lions
Gate
|
-11.0%
|
-7
|
88
|
95
|
97
|
96
|
97
|
95
|
BIDU
|
Baidu
Inc Ads
|
-5.4%
|
-7
|
88
|
95
|
92
|
88
|
25
|
36
|
DLPH
|
Delphi
Automotive
|
-4.9%
|
-7
|
80
|
87
|
89
|
91
|
93
|
93
|
SHLD
|
Sears
Holdings Corp
|
-3.7%
|
-7
|
82
|
89
|
78
|
5
|
13
|
17
|
HCA
|
H C A
Holdings Inc
|
-1.4%
|
-7
|
80
|
87
|
68
|
66
|
65
|
85
|
PDCE
|
P D C
Energy Inc
|
-12.6%
|
-6
|
87
|
93
|
90
|
93
|
95
|
93
|
YNDX
|
Yandex
N V Class A
|
-5.3%
|
-6
|
87
|
93
|
90
|
87
|
89
|
80
|
OSK
|
Oshkosh
Corp
|
-0.3%
|
-6
|
84
|
90
|
88
|
90
|
84
|
83
|
SGY
|
Stone
Energy Corp
|
-5.2%
|
-6
|
86
|
92
|
86
|
79
|
55
|
31
|
PNK
|
Pinnacle
Ent
|
-7.4%
|
-5
|
89
|
94
|
96
|
92
|
93
|
94
|
CELG
|
Celgene
Corp
|
-5.0%
|
-5
|
88
|
93
|
94
|
91
|
92
|
91
|
FTK
|
Flotek
Industries Inc
|
-12.5%
|
-5
|
88
|
93
|
92
|
88
|
94
|
91
|
OCR
|
Omnicare
Inc
|
2.2%
|
-5
|
82
|
87
|
89
|
90
|
85
|
88
|
HLS
|
Healthsouth
|
-1.8%
|
-5
|
82
|
87
|
85
|
84
|
81
|
86
|
BX
|
Blackstone
Group Lp
|
-2.1%
|
-5
|
86
|
91
|
82
|
78
|
84
|
86
|
SN
|
Sanchez
Energy Corp
|
-9.4%
|
-5
|
82
|
87
|
75
|
68
|
72
|
75
|
Former Leaders:
This group of stocks had an RS rating > 85 as of September 14 but has since fallen
< 80. The group is sorted high-to-low by RS delta.
Symbol
|
Name
|
RS Delta
|
RS Rating 11/14
|
RS Rating 9/14
|
SRPT
|
Sarepta
Therapeutics Inc
|
-90
|
1
|
91
|
NSM
|
Nationstar
Mtg Hldgs Inc
|
-60
|
34
|
94
|
TNGO
|
Tangoe
Inc
|
-53
|
42
|
95
|
AVG
|
A V G
Technologies N.V.
|
-49
|
46
|
95
|
VRTX
|
Vertex
Pharmaceuticals
|
-48
|
38
|
86
|
QLIK
|
Qlik
Technologies Inc
|
-47
|
40
|
87
|
RKT
|
Rock
Tenn Co Cl A
|
-44
|
46
|
90
|
BMRN
|
Biomarin
Pharmaceutical
|
-38
|
50
|
88
|
SODA
|
Sodastream
Intl Ltd
|
-38
|
48
|
86
|
DAN
|
Dana
Holding Corp
|
-36
|
50
|
86
|
BRKR
|
Bruker
Corp
|
-31
|
55
|
86
|
FLIR
|
Flir
Systems Inc
|
-29
|
59
|
88
|
MELI
|
Mercadolibre
Inc
|
-29
|
57
|
86
|
HTZ
|
Hertz
Global Holdings
|
-27
|
62
|
89
|
SNE
|
Sony
Corp American Shrs
|
-24
|
64
|
88
|
ASML
|
A S M L
Holding N.V. NY
|
-24
|
62
|
86
|
REXX
|
Rex
Energy Corp
|
-23
|
66
|
89
|
TSN
|
Tyson
Foods Inc Cl A
|
-22
|
67
|
89
|
OCN
|
Ocwen
Financial Corp
|
-21
|
72
|
93
|
SFLY
|
Shutterfly
Inc
|
-20
|
72
|
92
|
GMCR
|
Green
Mtn Coffee Roastrs
|
-18
|
78
|
96
|
SGEN
|
Seattle
Genetics Inc
|
-17
|
78
|
95
|
THRX
|
Theravance
Inc
|
-17
|
75
|
92
|
AET
|
Aetna
Inc
|
-16
|
71
|
87
|
EQT
|
E Q T
Corp
|
-16
|
70
|
86
|
HUM
|
Humana
Inc
|
-15
|
72
|
87
|
NTES
|
Netease
Inc Adr
|
-14
|
76
|
90
|
CREE
|
Cree
Inc
|
-13
|
75
|
88
|
NCR
|
N C R
Corp
|
-13
|
75
|
88
|
WDAY
|
Workday
Inc Cl A
|
-13
|
75
|
88
|
OII
|
Oceaneering
Intl Inc
|
-12
|
74
|
86
|
CI
|
Cigna
Corp
|
-11
|
79
|
90
|
CHK
|
Chesapeake
Energy
|
-11
|
76
|
87
|
TEL
|
Te
Connectivity Ltd
|
-11
|
74
|
85
|
WLP
|
Wellpoint
Inc
|
-10
|
77
|
87
|
KAR
|
Kar
Auction Svcs Inc
|
-9
|
79
|
88
|
EOG
|
E O G
Resources Inc
|
-9
|
77
|
86
|
FOXA
|
Twenty-First
Cen Fx Cl A
|
-9
|
77
|
86
|
Industry group representation was lead by the Medical-Biomed/Biotech
group with 5 stocks, followed by the Medical-Managed Care group with 4, Oil&Gas-U
S Expl&Prod with 3, and Retail-Internet and Finance-Mrtg&Rel
Svc with 2 each. No other group had more than one.
Performance: The
table below shows the price performance for these groups for Friday, the week,
and the trailing month:
Price Performance
|
|||
Friday 11/15
|
Week Ending 11/15
|
Month Ending 11/15
|
|
Potential New Leaders
|
0.81
|
3.08
|
11.82
|
Consistent Leaders
|
0.52
|
5.12
|
9.38
|
Rising Leaders
|
0.43
|
2.38
|
17.24
|
Falling Leaders
|
0.97
|
3.99
|
-1.74
|
Former Leaders
|
0.93
|
1.44
|
-7.47
|
**********************
Market Overview: The
market had a solid week as the DJIA, S&P 500, and Nasdaq all closed at new
highs. The Russell 2000 bounced in lower volume towards its October 29 high.
For several weeks now the Sector Trends blog has pointed out
the apparent shift by investors into larger cap names, and the impact of this
can be seen in the table below. The
table shows price performance for the four major indices over the trailing 26
weeks, and is sorted high to low by 26 week performance. Green shading
indicates the index finished in the top half for the time period in question,
while red shading indicates it finished in the bottom half.
Note how the Nasdaq and Russell 2000 lead over the 13 and 26
week time periods, but are beginning to lag over 1-5 week time periods while
the S&P 500 and DJIA begin to outperform.
Index
|
1 Week Gain
|
2 Week Gain
|
3 Week Gain
|
5 Week Gain
|
13 Week Gain
|
26 Week Gain
|
Nasdaq Composite
|
1.7%
|
1.6%
|
1.1%
|
5.1%
|
10.6%
|
13.9%
|
Russell 2000
|
1.5%
|
1.9%
|
-0.2%
|
2.9%
|
9.0%
|
12.0%
|
S&P 500
|
1.6%
|
2.1%
|
2.2%
|
5.6%
|
8.6%
|
7.8%
|
DJIA
|
1.3%
|
2.2%
|
2.5%
|
4.8%
|
5.8%
|
4.0%
|
Summary: The
market appears healthy, but the low volume bounce and lagging performance of
the Russell 2000 suggests a shift to more stable names.
**********************
Industry Group Performance:
Retail: Retail related industry groups have
been mostly weak with only 4 of 20 groups ranked in the top 50 of MarketSmith's
industry group ranks. That's beginning to change. Last week these groups had a
strong week led by the Retail-Department Stores group which finished the week
with a 5% gain, coming in at #6 on the trailing 1 week price performance list.
55%
of the retail groups (11 of 20) finished the week in the top 50; and 60% of the
groups (12 of 20) now rank in the top 50 of the trailing 5 week price
performance list.
There
appears to be a rotation into retail underway.
Apparel: Both the Apparel-Shoes &
Rel Mfg and Apparel-Clothing Mfg groups rank in the top 25 of the trailing 5
week price performance lists with 9.0% and 9.3% gains respectively. Over the
same 5 week period the Apparel-Shoes & Rel Mfg group has jumped +43
in MarketSmith's industry group ranks to #42 overall, and the Apparel-Clothing Mfg group has jumped +24 to #81 overall.
These
groups appear to be benefitting from the move in retail mentioned above. The Retail-Apparel/Shoes/Acc
group ranks #40 on the trailing 5 week price performance list with a 7.4% gain,
and the group jumped +25 in MarketSmith's indutry group rankings last week to
#82 overall.
Media: 4 of 5 Media related groups rank
in the top 50 of MarketSmith's industry group rankings while at the same time 4
of 5 rank in the bottom 50 of the trailing 3 week price performance list, and
all 5 rank in the bottom half of the trailing 5 week list. These groups are
starting to look tired.
Energy: A mediocre week for the Oil&Gas-U
S Expl&Prod group; it's still ranked #5 in MarketSmith's industry group
rankings but finished the week with a 0.5% gain (#152), and ranks #157 on the
trailing 5 week list with a 1.1% gain.
The
Oil&Gas-Refining/Mktg group is ranked #180 in MarketSmith's industry group
ranks but appears to have turned the corner. The group finished the week ranked
#13 on the trailing 1 week price performance list with a 4.3% gain, and ranks
#42 on the 5 week list with a 7.4% gain.
**********************
All data and charts displayed here are the property
of MarketSmith,
and are published here with their permission.
The Sector Trends blog does not make forecasts and
does not cheerlead with its commentary. The perspective offered is on current
trends in the market, which sectors and groups are rotating, and which stocks
from these groups are likely to perform best in a neutral/positive environment.
Readers need to provide their own assessment of market health, employ their own
risk management strategies, and trade accordingly. In a declining market nearly
all equities will suffer, including those found listed here.
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