Our Cookie Policy

Echofavor and carefully selected third parties use cookies on this site to improve performance, for analytics and to show you offers tailored to your interests on our site and third party sites. By continuing to use our site, you consent to our use of cookies. Privacy Policy

Life is memorable. Share your experience. Help others. Return the favor. Terms Of Use    Privacy Policy    About    FAQ    Help   Contact Us  
As an Amazon Associate and affiliate with other third parties, Echofavor earn from qualifying purchases and display advertisements.
0.8986835

Sep. 4, 2020 - Industry groups show weakness

Weekly Special Report Market Update

This week the industry groups show weakness as the general market pulls back.

Beware some of the stocks has not report their earnings for their last quarter; hence, may be volatile and even show negative trend after.

This week we stop following these groups.

Sector - Retail

Industry Group - Consumer Services - Department/Specialty Retail Stores
BIG, DG, FIVE

Stop following Sep. 4, 2020 - These discount retails stores have been on a good run. It recently fell two weeks in a row and is not sitting near its 10 weeks moving average.


Sector - Industrial

Industry Group - Miscellaneous - Business Services (Internet)

ETSY, FVRR, MELI, STMP

Stop following Sep. 4, 2020 - These internet businesses have been on a good run. It did fell to its 10 weeks moving average before rebounding.


Sector - Industrial/Commercial

Industry Group - Capital Goods - Fluid Controls
FLS, IEX, KRNT

Stop following Sep. 4, 2020 - This industry group has been stagnant in recent weeks.


Industry Group - Capital Goods - Auto Manufacturing
FWRD, HTLD, JBHT, ODFL

Stop following Sep. 4, 2020 - This industry group fell to its 21 days moving average.

Sector - Financial

Industry Group - Miscellaneous - Business Services
AXP, SQ, DFS, WEX

Stop following Sep. 4, 2020 - This industry group drop to its 50 days moving average.


Industry Group - Consumer Services - Other Consumer Services (Specialty)
QFIN, TW, WU

Stop following Sep. 4, 2020 - This industry group drop to its 50 days moving average.



We will be resetting the portfolio next week.


Here is our history of the monitored industry group performance:
  • Jan. 11, 2019 to May 31, 2019 has an overall portfolio gain of 3.6%.
  • May 31, 2019 to Aug. 30, 2019 has an overall portfolio gain of 9.1%.
  • Aug. 30, 2019 to Oct. 25, 2019 has an overall portfolio loss of -3.4%.
  • Oct. 25, 2019 to Feb. 7, 2020 has an overall portfolio gain of 9.4%. 
  • Feb. 7, 2020 to Apr. 3, 2020 has an overall portfolio loss of -9.7%.
  • Apr. 3, 2020 Sep. 4, 2020 has an overall portfolio gain of 30.0%.
Since Jan. 11, 2019, the total compound gains is 40.2%.


The following industry groups are being monitored since Apr. 3, 2019. Since then, the industry groups has an overall gain of 30%. 

Apr. 3 Apr. 10 Apr. 17 Apr. 24 May. 1 May. 8 May. 15 May. 22 May. 29 Jun. 5 Jun. 12 Jun. 19 Jun. 26 Jul. 2 Jul. 10 Jul. 17 Jul. 24 Jul. 31 Aug. 7 Aug. 14 Aug. 21 Aug. 28 Sep. 4 Gain/Loss Industry Group performance
CRM 154.55 162.62 153.98 156.37 175.90 171.33 177.85 174.79 173.88 175.11 186.95 183.17 192.53 198.88 187.78 188.49 21.96%
PAYC 221.99 224.99 211.80 241.66 272.03 261.68 269.35 297.23 329.78 302.80 318.16 306.37 321.50 309.00 295.07 286.97 29.27%
SAP 121.41 123.41 116.49 116.97 116.75 113.21 116.07 128.10 135.82 130.14 137.03 136.78 142.85 153.49 156.28 158.62 30.65%
WDAY 145.41 149.30 144.96 146.66 165.55 154.30 168.15 183.43 178.67 173.55 183.56 187.48 188.45 195.88 182.83 182.78 25.70%
26.9%
BIG 19.63 19.14 20.37 24.02 26.13 28.35 32.43 38.75 36.43 33.55 33.38 43.04 40.37 40.40 36.13 42.46 39.34 45.45 50.05 51.48 49.96 44.44 126.39%
DG 169.24 182.11 175.98 173.00 176.36 182.02 178.98 191.51 185.66 184.00 188.78 189.39 189.48 188.24 188.48 191.70 190.40 195.29 198.55 198.93 200.39 195.72 15.65%
FIVE 82.98 86.47 80.98 87.27 90.50 88.94 99.55 104.65 110.05 110.45 107.25 103.56 103.50 101.13 103.51 110.18 108.91 102.46 110.24 109.45 112.23 125.29 50.99%
64.34%
ETSY 80.71 85.63 77.48 80.98 78.72 79.76 95.39 102.54 110.68 111.29 102.71 101.59 118.38 135.06 129.26 130.37 119.66 112.04 38.82%
FVRR 48.81 59.04 59.78 65.12 63.89 60.08 66.75 72.44 76.50 84.56 80.19 80.69 93.43 108.89 107.40 118.00 114.29 111.28 127.99%
MELI 784.52 775.05 841.31 851.67 866.93 896.43 952.96 973.17 988.42 1035.83 964.72 988.99 1124.62 1193.97 1156.44 1202.28 1178.90 1083.38 38.09%
STMP 202.87 195.21 189.04 198.15 179.43 170.78 175.58 185.81 195.89 209.60 218.59 215.99 260.28 309.36 274.64 269.75 252.72 220.93 8.90%
53.5%
FLS 27.19 24.80 25.53 26.55 26.78 22.44 25.20 26.10 31.59 28.00 27.72 27.01 28.34 27.81 29.49 30.32 27.87 29.96 31.98 29.22 30.53 29.42 8.20%
IEX 151.52 152.73 152.72 151.29 154.70 148.42 150.45 159.37 167.29 152.59 153.24 154.76 157.89 156.94 169.57 167.67 164.82 167.54 176.70 178.85 180.89 177.62 17.23%
KRNT 26.53 27.61 29.00 30.50 32.24 30.31 50.00 46.75 51.75 46.85 50.08 49.02 51.13 52.33 53.16 53.98 53.59 56.63 58.68 59.71 63.15 60.14 126.69%
50.70%
FWRD 49.68 53.84 48.12 48.51 46.71 49.00 48.24 50.99 51.20 51.99 56.73 58.65 57.41 59.09 58.91 18.58%
HTLD 21.90 21.43 19.90 20.36 20.32 20.75 21.00 22.17 20.37 20.29 20.50 20.72 20.84 20.87 20.37 -6.99%
JBHT 119.67 120.74 114.10 117.60 119.30 118.26 127.64 136.82 130.79 129.40 135.95 137.19 141.42 141.75 136.62 14.16%
ODFL 171.09 169.63 157.88 168.21 163.00 170.87 176.88 186.43 182.24 182.82 185.98 191.56 197.25 200.32 196.26 14.71%
10.12%
GMAB 27.52 28.67 29.30 30.47 29.08 29.86 31.69 31.99 33.44 34.92 35.89 35.10 27.54%
MRNA 59.25 66.69 69.00 61.50 58.19 62.00 66.35 61.28 58.57 62.61 94.85 73.21 23.56%
NBIX 109.40 116.50 124.80 124.76 115.86 114.82 128.83 130.36 125.37 129.69 130.52 125.20 14.44%
SGEN 157.67 160.33 155.77 157.21 148.39 151.16 169.91 165.59 169.03 174.35 182.37 168.81 7.07%
18.2%
ABT 79.45 86.04 96.01 94.06 89.85 93.70 89.89 91.47 94.92 89.86 89.02 12.05%
AZN 43.96 44.66 50.03 51.18 51.86 53.29 53.41 55.22 54.60 53.85 51.47 17.08%
JNJ 134.17 141.23 152.02 154.86 148.29 148.70 150.44 144.37 148.75 147.30 142.15 5.95%
11.7%
HRC 111.13 112.97 113.02 102.25 104.20 99.84 100.05 101.67 104.84 95.73 98.19 107.71 -3.08%
ISRG 503.79 526.33 514.93 498.86 537.77 520.41 562.80 580.03 592.76 558.41 587.53 549.85 9.14%
OMCL 69.71 72.99 69.32 71.87 68.26 62.63 65.64 66.91 72.33 64.22 69.30 65.43 -6.14%
STE 152.69 154.97 147.82 141.40 148.25 151.32 157.15 165.89 163.91 151.82 152.24 148.33 -2.86%
-0.7%
OKE 28.40 29.38 27.66 27.94 31.33 32.39 36.20 36.69 45.35 34.09 35.17 30.81 8.49%
TGE 18.54 22.39 20.77%
WES 5.62 5.74 7.30 8.03 7.16 7.32 8.98 9.34 11.20 10.76 11.94 10.07 79.18%
36.1%
EOG 39.89 44.82 41.84 43.36 44.57 51.45 47.68 52.28 50.97 59.31 52.57 52.30 48.76 22.24%
PXD 74.68 75.48 76.63 77.45 82.92 89.99 82.86 92.42 91.60 110.89 98.23 93.58 94.11 26.02%
DVN 8.38 9.67 9.22 10.52 11.15 12.70 11.95 12.14 10.81 14.60 12.80 12.94 10.94 30.55%
NBL 6.18 7.51 6.95 8.18 8.78 10.03 8.67 10.1 8.73 11.26 10.25 10.00 9.11 47.41%
31.6%
AXP 94.82 87.39 83.17 88.32 89.50 82.22 89.33 95.07 109.73 101.68 100.94 93.42 94.33 93.23 95.18 95.33 93.32 99.16 100.41 96.15 102.54 105.67 11.44%
SQ 59.21 61.09 62.01 63.00 76.05 80.26 81.49 81.08 89.93 86.72 97.98 104.30 113.39 128.05 120.73 121.41 129.85 147.22 141.96 155.10 155.93 146.39 147.24%
DFS 39.21 35.04 36.23 41.37 42.72 38.00 40.47 47.51 60.62 52.99 53.73 48.67 48.85 48.38 48.99 50.82 49.43 51.39 54.30 49.57 54.25 57.12 45.68%
WEX 122.98 114.69 110.10 127.20 133.61 120.50 138.73 148.08 176.21 158.80 172.67 155.51 159.85 154.37 163.61 161.60 158.37 162.81 161.39 152.19 164.04 159.46 29.66%
58.5%
QFIN 10.05 9.98 9.68 10.85 11.26 11.45 15.42 15.11 13.15 13.86 12.86 13.56 14.64 12.28 11.44 13.83%
TW 65.96 62.17 62.53 64.42 59.58 58.29 54.75 54.24 54.49 54.07 52.85 55.28 54.55 57.10 53.19 -19.36%
WU 20.02 24.55 22.52 21.61 21.11 21.55 21.33 21.99 22.47 24.28 23.27 23.64 23.49 23.96 23.03 15.03%
3.2%
30.0%



The following are recap from previous weeks.

Sector - Technology

Industry Group - Technology - Computer Software: Prepackaged Software (Enterprise)
CRM ($154.55), PAYC ($221.99), SAP ($121.41), WDAY ($145.41)

This industry group corrected 40%, but is now rising fast and closing in on its 50 days moving average.

Stop following Jul. 25, 2020 - After a significant run since April, this industry group lost support at its 21 days moving average for the second time in recent weeks. This is not a good sign.



Sector - Retail

Industry Group - Consumer Services - Department/Specialty Retail Stores
BIG ($19.63), DG ($169.24), FIVE ($82.98)

This industry group only corrected around 33%, but has now risen above its 50 days moving average which is way faster than other groups. This group is showing technical strength.

Stop following Sep. 4, 2020 - These discount retails stores have been on a good run. It recently fell two weeks in a row and is not sitting near its 10 weeks moving average.

Industry Group - Miscellaneous - Business Services (Internet)

ETSY ($80.71), FVRR ($48.81), MELI ($784.52), STMP ($202.87)

This industry group shows real strength as it made all time high in recent weeks.

Stop following Sep. 4, 2020 - These internet businesses have been on a good run. It did fell to its 10 weeks moving average before rebounding.


Sector - Industrial/Commercial

Industry Group - Capital Goods - Fluid Controls
FLS ($27.19), IEX ($151.52), KRNT ($26.53)

This industry group continues to recover from its 46% correction and is now gearing towards its 50 days moving average.

Stop following Sep. 4, 2020 - This industry group has been stagnant in recent weeks.



Industry Group - Capital Goods - Auto Manufacturing
FWRD ($49.68), HTLD ($21.90), JBHT ($119.67), ODFL ($171.09)

This industry group shows bullish technical strength as it crosses 200 days moving average.

Stop following Sep. 4, 2020 - This industry group fell to its 21 days moving average.




Sector - Health

Industry Group - Health Care - Major Pharmaceuticals
GMAB ($27.52), MRNA ($59.25), NBIX ($109.40), SGEN ($157.67)

This major pharmaceuticals industry group is showing strength as it is near 52 week high.

Stop following Jul. 25, 2020 - After a significant run since April, this industry group lost support at its 50 days moving average for the first time in heavy volume. This is not a good sign.

Industry Group - Health Care - Major Pharmaceuticals (Diversified)
ABT ($79.45), AZN ($43.96), JNJ ($134.17)

This industry group is showing tremendous strength from two weeks of rebound. It is now sitting slightly above its 200 days moving average.

Stop following Jun. 12, 2020 - This industry group lost support at its 50 days moving average.

Industry Group - Health Care - Biotechnology: Electromedical & Electrotherapeutic Apparatus
HRC ($111.13), ISRG ($503.79), OMCL ($69.71), STE ($152.69)

This industry group corrected about 39% before rebounding and it is now heading near its 50 days moving average.

Stop following Jun. 26, 2020 - This industry group lost support at its 50 days moving average.



Sector - Commodities

Industry Group - Energy - Natural Gas Distribution
OKE ($28.40), TGE ($18.54), WES ($5.62)

This natural gas distribution industry group corrected severely which is about 68%. Now it is showing accumulation this week. It has recovered above its 21 days moving average.

Stop following Jun. 26, 2020 - This industry group lost support at its 50 days moving average.


Industry Group - Energy - Oil & Gas Production (U.S.)
EOG ($39.89), PXD ($74.68), DVN ($8.38), NBL ($6.18)

This US oil and gas product industry group is one of the few industry groups that show accumulation this week. The price of WTI oil has recovered somewhat from $20 to near $27 per barrel.

Stop following Jun. 26, 2020 - This industry group lost support at its 50 days moving average.



Sector - Financial

Industry Group - Miscellaneous - Business Services
AXP ($94.82), SQ ($59.21), DFS ($39.21), WEX ($122.98)

This industry group also like many others has correctly severely around 51%. Now it is recovering above its 21 days moving average.

Stop following Sep. 4, 2020 - This industry group drop to its 50 days moving average.


Industry Group - Consumer Services - Other Consumer Services (Specialty)
QFIN ($10.05), TW ($65.96), WU ($20.02)

This industry group cross its 200 days moving average potentially signalling a bullish trend.

Stop following Sep. 4, 2020 - This industry group drop to its 50 days moving average.

  

Copyright © Echofavor 2021. All Rights Reserved. Powered by Echofavor
Copyright © Echofavor 2021. All Rights Reserved.
Powered by Echofavor