Steve Strazza breaks down sector rotation and market leadership trends everyday.
Top Down Trade of the Week
By Steve Strazza
June 14, 2025
Welcome back for another Top Down Trade of the Week.
This one’s a classic leadership scan.
We start with the best sectors, then drill into the subgroups. We pick one, and then take a look at the top stocks in it.
This week, Energy is the big standout—jumping to the top of our sector rankings.
Healthcare and utilities also made a big move up on the leaderboard as growth sectors faltered.
Here is a look at our overall industry rankings, which shows oil & gas cracking into the top 10.
It’s not a surprise to see it there—crude oil has been squeezing higher, posting its best week since October 2022.
That kind of price action tends to light a fire under energy stocks, and that’s exactly what we’re seeing.
These are the Top 10 integrated oil & gas names, sorted by relative strength.
My favorite setup from the list is Imperial Oil Ltd $IMO:
Imperial Oil might just be the best-looking energy chart out there right now.
The stock is making new all-time highs on both an absolute and relative basis.
How many energy names can say that these days? Not many.
After spending a year consolidating above the breakout level of a 15-year base, IMO is breaking out to fresh highs again.
As long as we’re above 80, we like it long with a target of 140.
Our team at ASC is constantly running these kinds of top-down scans. If you want access to our research and the trade ideas that come out of it, join us today—risk free.
