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 had the biggest rate of change moving up 8 spots to land in 2nd place in our sector rankings.
Energy has been one of the strongest sectors all year. It cooled off and took a breather, but now it's reasserting itself and setting up for the next leg higher.
We’re anticipating some rotation from the leaders off the March lows, and the evidence suggests energy will be among the beneficiaries.
This is our overall industry rankings, showing Oil, Gas, & Consumable Fuels with a major jump up 51 spots sliding into the top 10.
Here are the Top 10 names in the industry Oil, Gas & Consumable Fuels, ranked by relative strength.
