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Oct. 2, 2020 - Industry groups improve slightly

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.



  

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