Top Down Trade of the Week

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 Consumer Discretionary, moving up 3 spots into fourth place on our leaderboard.

Technology has done most of the heavy lifting lately, and it would make sense for other offensive sectors to catch some rotational flows in the coming weeks and months. Consumer Discretionary is the heart of the risk-on trade in bull markets.

Seeing it move up the rankings this week is a point for the bulls and hints that we may be far from finished with the current rally phase.

This is our overall industry rankings, showing Automobiles  jumping up 14 spots and sitting just outside the top 5.

Here are the Top 10 names in the Automobiles industry, ranked by relative strength.

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