Industry Relative Strength
- Posted by Ivanhoff
- on September 15th, 2008
| Industry group | 1 month performance |
| Building – Residential | 19.70% |
| Finance – Consumer loans | 12.50% |
| Retail – Apparel Shoes | 12.30% |
| Banks – major regional | 11.30% |
| Banks – southwest | 11.20% |
| Oil – US exploration | -23.30% |
| Oil Field Machinery EQ | -26.60% |
| Machinery – Electrical | -27.20% |
| Steel – Producers | -29.70% |
| Coal | -65.57% |
| Money continues to slowly flow out of stocks. The one month | |
| RS rank is occupied by members of the retail and financial | |
| sectors. For first week since middle of July, they experienced | |
| stronger selling pressure. | |
| The usual suspects at the bottom (commodity related industries) | |
| finished the week lower, despite showing some resilience as the | |
| weekend approached. The small bounce in Thursday and Friday | |
| is most likely due to short covering than a consequence of | |
| renewed funds’ long interest. | |
| Market’s weakness is spreading slowly in all directions and there | |
| are fewer places to hide. If you are a retail investor, flexibility is | |
| your biggest weapon. There are no good or bad stocks, only | |
| good or bad trades. | |
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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My name is Ivan Hoff. I am a stock trader. I manage Stocktwits 50, Stocktwits Email and was featured in The Stocktwits Edge, which I edited. (More) -
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