It’s Not the Size of the Tool That Matters

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Did you vote yet?  If not go here and vote for the next tabbed blogger(s) of iBankcoin.  The top 3 win the spot and exponential viewership.  I voted early this morning based on prior content and value.  Moving on now.

The first thing I look at when doing end-of-day homework is industry breadth.  I do this through The PPT, a premium content engine for those unfamiliar.  I then sort the industries via breadth from the top down to see what industries are popping to the top.  After the market closed I stuck to this routine and one industry that stood out was Small Tools & Accessories.  It ranked 8th of 196 industries with 75% breadth, meaning 75% of the stocks with the industry had a positive change from yesterday.

Also what sticks out and what The PPT also measures is technical score, fundamental score, and hybrid score (combination of tech & fund).  These are all sort-able.  Small Tools & Accessories ranks  3rd technically, 14th fundamentally, and 2nd via the hybrid score.  Needless to say it is a top performing industry and was also strong yesterday.  When looking at stocks within the industry, there are only four.  This a small group but still strong nonetheless and includes the following stocks (linked to FINVIZ):

Below are two of my favorite charts that include SNA and SSD.  At this point I would rather be a buyer on weakness than strength.

SNA

 

SSD

2 Responses to “It’s Not the Size of the Tool That Matters”

  1. So who did you vote for? Wutang?

  2. Haha no Wutang vote for me, watching the pre-election I saw that yourself and Rhino would be probables so I voted for Elizamae. Since the beginning of the Blogger Network (no Peanut Gallery) you 3 have offered the best reads and content in my opinion.

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