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RS changes for the week

lmkwinlmkwin ✭✭
in Market Analysis
From the 250+ name market segment list I keep. RS changes this week... "Winners", Volatility and China related names. "Losers", Energy related names.

Comments

  • markdmarkd mod
    edited June 2022
    Interesting.

    I have a $DJUS industry ROC scan that I usually run for quarterly performance (ROC(63)). Per your post, out of curiosity I ran it for 5 days (ROC(5)). The top two industries were Delivery Services ($DJUSAF) and Diversified REITs ($DJUSDT).

    On a weekly chart, the best looking AF stock was FedEx (FDX), which is above its just turned up weekly MA 13. That was the only one with a bullish tone. The best looking DT stock was W.P.Carey (WPC), which just tested its rising weekly MA 13 (and also pays 5%).

    Like your results, Exploration and Production ($DJUSOS) and Equipment and Services ($DJUSOI) were the bottom two - maybe a result of the Biden comments.

    Doing the same for a list of iShares country ETFs, China (-1.25) and Malaysia (-2.67) came out on top, Canada and Brazil on the bottom (-8ish %).
  • lmkwinlmkwin ✭✭
    I was reading a freight analysis that showed a decline in container volume has already started. Container shippers pricing already softening. Truckload carrier capacity has been increasing and pricing has starting to soften. LTL (less than truckload) carriers are seeing a reduction in activity but pricing is holding for now. The LTL are usually the last part of the market to feel a slowdown and the first to feel a recovery. Fedex has a foot in, pretty much, all of the segments of transportation, through ownerships and partnerships.

    A move above the upper bollinger band is considered a buy. A move below the lower band, a sell.

    Holding above the March and May lows is a good thing.


  • markdmarkd mod
    Interesting analysis re LTL. Makes sense. Nice looking base building on the PnF.

    Another area that has been a happy hunting ground in the past is Marine Transportation - very volatile though. A standout there at the moment is Scorpio Tankers - STNG.
  • lmkwinlmkwin ✭✭
    On their own websites, a couple regular/semi-regular StockCharts blog/ video posters have come out in the last day or two saying that a meaningful bottom appears to be in place for them.

    "Because of the sudden change in rotation, I am "re-drafting" stocks and ETFs for our Portfolios. All changes will take place at the opening bell on Tuesday morning. I will be sending out the new portfolios later tonight as I work on the changes all day long today. If you're not currently an EB.com member, you can gain access to these 50 new stocks and 10 new ETFs by signing up for a FREE 30-day trial to our paid service. CLICK HERE to start your trial now! "

    The other had similar sentiments but added that he believes the markets will "bounce around here for a bit"

    RE: STNG I don't think that has sustainable momentum at this point. Only a couple 12 month periods has it done well. 2022 it has done well so far but, like you said, it's very volatile.


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