Top Down Trade of the Week (11/01/2025)

Welcome back for another Top Down Trade of the Week.

This is 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’s standout is Energy, which held steady in the second spot of our sector rankings.

After a volatile week for equities, large-cap tech slid to the bottom of our rankings as investors rotated out of growth and into select value and defensive groups.

Here’s a look at our overall industry rankings, which show Energy Equipment stocks climbing two spots to take the top position.

Energy as a whole continues to coil, consolidating in a long-term range and building fuel for what could be a meaningful breakout. 

Within the space, oil services and refiners stand out, showing sustained relative strength and positive momentum.

Here are the Top 10 names in the Energy Equipments subsector, ranked by relative strength.

Our team at ASC is constantly running these kinds of top-down scans. If you want access to our research and trade ideas like this one, join us today—risk free.

This week’s spotlight stock is Transocean Ltd $RIG: