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Strategies & Market Trends : Strong Industry Groups - Strong Stocks

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To: Sam Raven who started this subject8/25/2002 11:11:43 PM
From: Sam Raven   of 1567
 
There was lots of rotation in the stocks between 80 and 90 in relative strength, but as usual, the top from 90 up, changed very little.

It is interesting to note that some formerly strong groups are on the way back up again. Take a look at Leisure-Products, Insurance-Accident and Health and Textile-Mill/Household, all groups that were at the top not too many months ago. On the other end, a few groups seem to be falling out fast, Aerospace/Defense Equipment, Shoes and Related Retail and Containers all had top spots during the last few months.

Since West/Southwest Banks are holding the second from the top I thought it would be worth finding a few stocks in the group that have good fundamentals and trade with decent volume. I found only SWBT and EWBC to be worth a look.

In the Internet ISP group I still think JCOM, OVER and UNTD are worth keeping an eye on.

Falling out of the top 80 and up is Oil & Gas-Field Services, Retail Restaurants and Retail-Misc/Diversified (both after making a one week comebacks), BLDG-Hand Tools and Pollution Control Services.

The table of the groups is posted at savvy-trader.com

Sam
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