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 Technology, which remains at the top of the leaderboard at #1.
Last week we said Tech was taking center stage. This week? It's not sharing the spotlight.
Tech didn't just hold its ground — it extended its lead. The tech sector SPDR $XLK closed out the week at new relative highs versus the S&P.
When we drill down into the subgroups, it’s a picture of broad participation and improving breadth.
The strength isn't coming from the defensive corners of the space. It's coming from the most offensive areas — exactly the kind of leadership bulls like to see when assessing the health of the overall market.
It’s been four weeks of impressive outperformance from tech, and the message is clear: investors want their offense on the field.
This is our overall industry rankings, showing Electronic Equipment & Components sliding a couple spots but still firmly in a top 10 position.
Here are the Top 10 names in the Electronic Equipment & Components subsector, ranked by relative strength.
