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.
2 Responses to It’s Not the Size of the Tool That Matters
So who did you vote for? Wutang?
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.