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Sep. 18, 2020 - Most industry groups are correcting
Weekly Special Report Market Update
This week many industry groups continues correction following weakness in the general market. This is the third week down. However there are still some industry group with strengths.
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 start following this group.
Sector - Retail
Industry Group - Consumer Consumer Durables - Office Equipment/Supplies/Services
FLXS ($24.44), HNI ($33.82), MLHR ($34.52), SCS ($12.34)
This retail industry group show incredible strength this week. It rebounds off its 10 weeks moving average.
Sector - Industrial
Industry Group - Basic Industries - Major Chemicals: Plastics
DOW ($50.37), EMN ($83.83), MLHR ($34.52), TSE ($28.56)
This plastics industrial industry group continue to show strength above its 10 weeks moving average.
Sector - Health
Industry Group - Health Care - Major Pharmaceuticals
SGEN ($180.94), BGNE ($273.96), HZNP ($79.93), ALNY ($132.26)
This major pharmaceutical industry group show incredible strength this last two weeks as it not only rebound from its 40 weeks moving average but also sits above 10 weeks moving average.
Sector - Commodities
Industry Group - Energy - Coal Mining
ARCH ($52.90), CNX ($11.37), HCC ($20.80)
This coal mining industry group show incredible strength this last 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 Sep. 11, 2020. Since then, the industry groups has an overall gain of 3.6%.
Sep. 11 | Sep. 18 | Gain/Loss | Industry Group performance | |
VFC | 70.03 | 72.13 | 3.00% | |
PVH | 67.07 | 68.48 | 2.10% | |
UA | 9.90 | 10.06 | 1.62% | |
TPR | 16.15 | 17.36 | 7.49% | |
3.6% | ||||
FLXS | 24.44 | |||
HNI | 33.82 | |||
MLHR | 34.52 | |||
SCS | 12.34 | |||
DOW | 50.37 | |||
EMN | 83.83 | |||
MLHR | 34.52 | |||
TSE | 28.56 | |||
SGEN | 180.94 | |||
BGNE | 273.96 | |||
HZNP | 79.93 | |||
ALNY | 132.26 | |||
ARCH | 52.90 | |||
CNX | 11.37 | |||
HCC | 20.80 | |||
3.6% |
Sector - Retail
Industry Group - Consumer Services - Clothing/Shoe/Accessory Stores
VFC ($70.03), PVH ($67.07), UA ($9.90), TPR ($16.15)
This retail industry group suffered big drop due to covid. It is still 40% below 52 week highs. This group has shown technical strength in this last week. Perhaps due to back to school, people are shopping for kids cloths and shoes. Will this trend continue as we head into the busiest shopping season.
Industry Group - Consumer Consumer Durables - Office Equipment/Supplies/Services
FLXS ($24.44), HNI ($33.82), MLHR ($34.52), SCS ($12.34)
This retail industry group show incredible strength this week. It rebounds off its 10 weeks moving average.
Sector - Industrial
Industry Group - Basic Industries - Major Chemicals: Plastics
DOW ($50.37), EMN ($83.83), MLHR ($34.52), TSE ($28.56)
This plastics industrial industry group continue to show strength above its 10 weeks moving average.
Sector - Health
Industry Group - Health Care - Major Pharmaceuticals
SGEN ($180.94), BGNE ($273.96), HZNP ($79.93), ALNY ($132.26)
This major pharmaceutical industry group show incredible strength this last two weeks as it not only rebound from its 40 weeks moving average but also sits above 10 weeks moving average.
Sector - Commodities
Industry Group - Energy - Coal Mining
ARCH ($52.90), CNX ($11.37), HCC ($20.80)
This coal mining industry group show incredible strength this last week.
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