Sector Drilldown:
Consumer Discretionary
Consumer Discretionary sector made a strong breakout this last week and looks to be emerging as a new mover in our EW Universe. There were lots of big moves last week, so we may have to look for setups to develop in the coming weeks on many names, but depending on your style, there are definitely plenty of areas to keep an eye on.
Chart Highlights
Starting with the Equal Weighted Sector RS Rankings we can see that we are once again concentrating on the middle of the pack with Consumer Discretionary, but it also happens the be the sector that has gained the most RS points over the last week.
In the RS rankings list of all the subsectors we cover, you can see the Consumer Discretionary subsetors span the spectrum as far as rankings from 88 all the way down to 2. So if you think the whole sector tends to move together, you are in for a rude awakening. This is why we use subsectors to better focus in our attention on the right areas.
Lookin at the subsectors in the sector just ranked versus eachother also helps hone in on where the strength and weakness lies within
Last week’s EW Sector breakout along with the RS rise was good to see as we head into the end of the year. RS on all three levels took a break late summer and fall, but are pointed in the right direction now.
This week I will go a little different route and provide the Relative Comparative and Percent making new Highs and Lows charts from sector to all the subsectors. for quick comparison across the entire space. This site is designed to visualize relative strength for easy comparison across all segments of the equity markets. Here there a 8 subsectors, so lots of charts to compare.
In the video we cover each of the subsectors 4 pillars of relative strength in depth and point out names within each that look worth keeping an eye on this week across many different trading styles. Some of this potential is predicated on the markets continued improvement across all size categories. The strength we are seeing in small and mid cap names are giving so many good opportunities to cover I can’t get them all in the video, so the rest I have flagged are noted below by subsector. The names a in no particular order. Time to do your homework!
As always, I hope this helps!
Consumer Discretionary
Sector ETFs
PEJ, PSCD, BFIT, MILN, XHB, AWAY, ITB, BUYZ, EBIZ, IBUY, ONLN
Apparel & Luxury Goods
HIB, LEVI, GII, KTB, WWW, DECK, SGC, PVH, MOV, COLM, NKE, UAA, UA, OXM, VFC, RL, CRI
Automobile
AAP, PAG, GNTX, DORM, LCII, AZO, TM, GPI, MUSA, TTM, CVNA, THRM, AXL, BWA, LEA, ALV, XPEV, CWH, GM, APTV, ORLY, MNRO, ADNT, VOXX, NIO, MGA, SRI, VC, BLNK
Diversified Consumer Services
UBER, OSW, LRN, UTI, SCI, CSV, LYFT
Hotels, Restaurants & Leisure
BYD, NDLS, CNTY, PZZA, IHG, H, DRI, GDEN, PLAY, PLYA, TXRH, RCL, MCRI, DENN, NCLH, WYNN, TNL, VAC, SIX, KRUS, CBRL, CHDN, RRR, AGS, LVS, TACO, YUM, CHUY, CAKE, RUTH, FRGI, SBUX, JACK
Household Durables
LCUT, GRBK, MTH, IBP, TMHC, LEN, CCS, TOL, DHI, HELE, TPH, HEAR, KBH, PHM, MDC, BZH, IRBT, VUZI, WHR, GRMN
Internet & Direct Marketing
AMZN, OSTK, SSTK, FLWS, DLTH, MELI, MMYT, CHWY, EXPE, LQDT, DESP, CANG, LE
Leisure Goods
VSTO, CLAR, MAT, DOO, MCFT, BC, MBUU, ELY, PII
Retail
SCVL, ANF, ULTA, GPC, ZUMZ, HD, BKE, BBY, ASO, HIBB, BGFV, PRTY, PBI, LCE, FNKO, DG, ODP, DDS, CAL, TLYS, CONN, HZO, DKS, KSS, KIRK, SBH, BURL, DBI, OLLI, GES, CTRN
