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Oct. 2, 2020 - Industry groups improve slightly

October 03, 2020
MCBOSS CAPITAL
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market update

Table of Contents:

Weekly Special Report Market Update

This week some industry groups improve slightly in performance. Nasdaq is now up for two weeks. There is lots of turbulence in the market. This may not be a good sign so stay flexible if market direction change.

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 to follow this industry group.

Sector - Commodities

Industry Group - Technology - Semiconductors (Solar)

ENPH ($90.43), FSLR ($67.24), RUN ($76.45), SEDG ($251.58)

This solar energy industry group is on a run this week. It powered up this week to a new high. One caveat is whether this group has been rallying too long since bottoming in April.

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 loss of -3.5%.

	Sep. 11	Sep. 18	Sep. 25	Oct. 2	Gain/Loss	Industry Group performance

VFC	70.03	72.13	70.54	72.53	3.57%
PVH	67.07	68.48	61.50	62.12	-7.38%
UA	9.90	10.06	9.82	10.54	6.46%
TPR	16.15	17.36	16.36	16.15	0.00%
						0.7%
FLXS		24.44	22.80	24.11	-1.35%
HNI		33.82	31.07	34.07	0.74%
MLHR		34.52	30.25	33.65	-2.52%
SCS		12.34	9.71	11.49	-6.89%
						-2.5%
DOW		50.37	46.04	47.31	-6.08%
EMN		83.83	77.30	78.17	-6.75%
MLHR		34.52	30.25	33.65	-2.52%
TSE		28.56	25.09	26.60	-6.86%
						-5.6%
SGEN		180.94	184.95	193.08	6.71%
BGNE		273.96	282.40	283.28	3.40%
HZNP		79.93	78.25	79.82	-0.14%
ALNY		132.26	138.31	135.68	2.59%
						3.1%
ARCH		52.90	46.54	44.79	-15.33%
CNX		11.37	10.38	9.30	-18.21%
HCC		20.80	17.70	17.50	-15.87%
						-16.5%
ENPH				90.43
FSLR				67.24
RUN				76.45
SEDG				251.58

					-3.5%

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.

Industry Group - Technology - Semiconductors (Solar)

ENPH ($90.43), FSLR ($67.24), RUN ($76.45), SEDG ($251.58)

This solar energy industry group is on a run this week. It powered up this week to a new high. One caveat is whether this group has been rallying too long since bottoming in April.