Stage Analysis Report

The most fatal illusion is the settled point of view.  Since life is growth and motion, a fixed point of view kills anybody who has one – Brooks Atkinson

The report has 2 new features as of this week:  the first 4 tables divide the different markets into what stage has the highest number of stocks or ETFs.  This way you can quickly see what the dominant stage is for each market.  Then there are 2 tables for markets that are either strengthening or weakening from the previous week based on stage transitions.  If the market had more Stage 4 to Stage 1 transitions and Stage 1 to Stage 2 transitions then it is considered to be “strengthening”.  If it had more transitions into Stage 3 and Stage 4 it is considered “weakening”.  So these new tables give you a good overall picture to compare the markets and see what is basing, advancing, topping, or falling and how they stack up against each other.

This week we got a bounce in technology stocks which isn’t surprising since it was going to happen sometime after such huge selling.  The question is how far does it continue.  May is actually historically a positive month for the markets so don’t count out more of a bounce.  I would still categorize the mood of the markets as indecisive and in a stage of confusion.  Which is a characteristic of a larger consolidation or perhaps a longer term top in the market.

I’m finally starting to see recognition that yes bond yields are actually falling, even though consensus opinion is that they should be rising.  A lot of market participants are convinced bond yields have to rise and are even fighting against the trend with their positions.  This is interesting to watch.  I see the same thing with some traders on CNBC with these fallen tech stocks, trying to bottom fish names like AMZN.  Notice that all Internet stocks are now in Stage 3 or Stage 4, that market has totally changed character and is not the place to be now for longer term positions.

Emerging markets continue to look strong and Brazil actually broke out into a Stage 2 last week.  There’s still a lot of disinterest and disbelief in emerging markets and commodities but they continue to look like the place to be.  Precious metals have been weak for a few of weeks now but had a big reversal on Friday on volume in both silver and gold.  Silver actually was trying to head to a new low but then reversed and formed a daily swing high.  The question is whether this is just short covering or early signs of a move higher?  Only time will tell but most gold analysts aren’t even bullish on gold, or expecting much out of it.  I would characterize the gold bear market as having fully done it’s job, as people now perceive all new rallies in gold to be rallies you can’t trust.  So when the real rally comes it will keep climbing a wall of worry as it takes time for that trust to turn back around.  Bear markets are interesting creatures!

Stage 1 Markets

Market Stage 1 Stage 2 Stage 3 Stage 4

 

Stage 2 Markets

Market Stage 1 Stage 2 Stage 3 Stage 4
REIT – Hotels 0.0% 100.0% 0.0% 0.0%
REIT – Industrial 0.0% 100.0% 0.0% 0.0%
Water 0.0% 100.0% 0.0% 0.0%
Foreign Markets 0.0% 93.8% 0.0% 6.3%
Utilities – Electric 4.9% 92.7% 0.0% 2.5%
U.S. Sectors 0.0% 90.0% 10.0% 0.0%
Utilities – Diversified 3.5% 86.3% 3.5% 6.9%
Farm and Construction Machinery 9.1% 81.9% 0.0% 9.1%
REIT – Residential 3.2% 81.3% 6.3% 9.4%
Railroads 0.0% 80.0% 0.0% 20.0%
U.S. Markets 0.0% 80.0% 20.0% 0.0%
REIT – Healthcare Facilities 20.0% 80.0% 0.0% 0.0%
Trucking 0.0% 80.0% 15.0% 5.0%
Packaging & Containers 5.0% 75.0% 5.0% 15.0%
REIT – Retail 9.7% 74.2% 6.5% 9.7%
REIT – Diversified 4.8% 73.9% 7.2% 14.3%
Oil & Gas – Pipelines 5.7% 73.6% 5.7% 15.1%
Utilities – Gas 9.1% 72.8% 0.0% 18.2%
Oil & Gas – Independent 8.8% 72.5% 3.8% 15.0%
Meat Products 14.3% 71.5% 0.0% 14.3%
Natural Gas 14.3% 71.5% 14.3% 0.0%
Diversified Machinery 2.3% 71.2% 17.8% 8.9%
Chemicals – Specialty 5.3% 71.1% 18.5% 5.3%
Chemicals – Major Diversified 12.5% 70.9% 8.4% 8.4%
REIT – Office 13.1% 69.6% 4.4% 13.1%
Semiconductors – Broad Line 0.0% 69.6% 13.1% 17.4%
Oil & Gas – Refining 16.2% 67.8% 9.7% 6.5%
Oil and Gas – Equipment & Services 9.4% 67.5% 0.0% 23.3%
Emerging Markets 16.7% 66.7% 0.0% 16.7%
Auto Parts 0.0% 66.7% 13.9% 19.5%
Clean Energy 0.0% 66.7% 33.4% 0.0%
Defense and Aerospace 0.0% 66.7% 26.7% 6.7%
Treasuries and U.S. Dollar 0.0% 66.7% 0.0% 33.4%
Beverages – Brewers 25.0% 62.5% 12.5% 0.0%
Agricultural Chemicals 13.4% 60.0% 0.0% 26.7%
Copper 0.0% 60.0% 20.0% 20.0%
Semiconductors – Integrated Circuits 3.2% 59.4% 18.8% 18.8%
Farm Products 5.9% 58.9% 11.8% 23.6%
Foreign Currencies 0.0% 57.2% 0.0% 42.9%
Drugs 0.0% 57.2% 28.6% 14.3%
Commodities 30.5% 56.6% 0.0% 13.1%
Banks 0.0% 54.6% 36.4% 9.1%
Lithium 7.7% 53.9% 15.4% 23.1%
Oil and Gas – Drilling & Exploration 13.1% 52.2% 2.2% 32.7%
Semiconductors – Equipment & Materials 0.0% 51.7% 29.1% 19.4%
Airlines 0.0% 50.0% 50.0% 0.0%
Apparel 4.2% 50.0% 4.2% 41.7%
Solar 0.0% 50.0% 21.5% 28.6%
Steel & Iron 5.6% 50.0% 22.3% 22.3%
Waste Management 16.7% 50.0% 0.0% 33.4%
Asset Managers 0.0% 46.7% 33.4% 20.0%
Networking & Communication Devices 0.0% 46.7% 33.4% 20.0%
Brokers 0.0% 46.2% 30.8% 23.1%
Semiconductors – Specialized 4.6% 45.5% 27.3% 22.8%
Information Technology Services 0.0% 43.5% 39.2% 17.4%
Jewelry 14.3% 42.9% 0.0% 42.9%
Shipping 0.0% 37.5% 34.4% 28.2%

 

Stage 3 Markets

Market Stage 1 Stage 2 Stage 3 Stage 4
Internet 0.0% 0.0% 68.5% 31.6%
Biotech 0.0% 20.0% 46.7% 33.4%
Restaurants 0.0% 29.1% 42.0% 29.1%
Business Software 2.7% 31.6% 34.3% 31.6%

 

Stage 4 Markets

Market Stage 1 Stage 2 Stage 3 Stage 4
Short Index ETFs 0.0% 0.0% 0.0% 100.0%
Graphite 0.0% 7.7% 7.7% 84.7%
Canadian Precious Metals Miners 3.1% 21.3% 6.1% 69.7%
Apparel Stores 2.7% 15.8% 13.2% 68.5%
Precious Metals Miners 11.9% 23.8% 6.8% 57.7%
Precious Metals 28.6% 14.3% 0.0% 57.2%
3D Printing 0.0% 0.0% 42.9% 57.2%
Autos 12.5% 25.0% 12.5% 50.0%
Homebuilders 0.0% 25.0% 25.0% 50.0%
Specialty Eateries 0.0% 25.0% 25.0% 50.0%
Industrial Metals And Minerals 7.1% 36.9% 8.8% 47.4%
Application Software 1.4% 25.0% 26.4% 47.3%
Technical & System Software 0.0% 17.7% 35.3% 47.1%
Data Storage 0.0% 36.4% 18.2% 45.5%
Coal 22.3% 33.4% 0.0% 44.5%
Paper 0.0% 21.5% 35.8% 42.9%
Drugs Other 0.0% 36.9% 21.1% 42.2%

 

Strengthening Markets

Market 4->1 1->2 2->3 3->4
Jewelry 14.3% 14.3% 0.0% 0.0%
U.S. Markets 0.0% 20.0% 0.0% 0.0%
Copper 0.0% 20.0% 0.0% 0.0%
Emerging Markets 8.4% 8.4% 0.0% 0.0%
Beverages – Brewers 12.5% 0.0% 0.0% 0.0%
Coal 11.2% 0.0% 0.0% 0.0%
Oil & Gas – Pipelines 3.8% 5.7% 5.7% 0.0%
Oil & Gas – Independent 2.5% 6.3% 2.5% 1.3%
REIT – Office 0.0% 8.7% 0.0% 0.0%
Apparel 4.2% 4.2% 0.0% 4.2%
Solar 0.0% 7.2% 0.0% 0.0%
Agricultural Chemicals 6.7% 0.0% 0.0% 0.0%
Oil and Gas – Drilling & Exploration 2.2% 4.4% 2.2% 0.0%
Foreign Markets 0.0% 6.3% 0.0% 0.0%
Homebuilders 0.0% 6.3% 0.0% 0.0%
Steel & Iron 0.0% 5.6% 0.0% 0.0%
Business Software 2.7% 2.7% 0.0% 2.7%
Industrial Metals And Minerals 5.3% 0.0% 0.0% 1.8%
Trucking 0.0% 5.0% 0.0% 0.0%
REIT – Diversified 2.4% 2.4% 0.0% 2.4%
Utilities – Electric 0.0% 2.5% 0.0% 0.0%

 

Weakening Markets

Market 4->1 1->2 2->3 3->4
Specialty Eateries 0.0% 0.0% 25.0% 25.0%
Clean Energy 0.0% 0.0% 33.4% 0.0%
Data Storage 0.0% 0.0% 18.2% 9.1%
Graphite 0.0% 0.0% 7.7% 15.4%
Paper 0.0% 0.0% 7.2% 14.3%
Banks 0.0% 0.0% 18.2% 0.0%
Waste Management 0.0% 8.4% 0.0% 16.7%
Semiconductors – Equipment & Materials 0.0% 3.3% 13.0% 3.3%
Semiconductors – Integrated Circuits 3.2% 3.2% 15.7% 0.0%
Drugs 0.0% 4.8% 4.8% 9.6%
Natural Gas 0.0% 0.0% 14.3% 0.0%
3D Printing 0.0% 0.0% 0.0% 14.3%
Semiconductors – Specialized 0.0% 4.6% 9.1% 4.6%
Restaurants 0.0% 3.3% 6.5% 6.5%
Autos 0.0% 0.0% 12.5% 0.0%
Technical & System Software 0.0% 5.9% 0.0% 11.8%
Apparel Stores 0.0% 0.0% 5.3% 5.3%
Drugs Other 0.0% 0.0% 0.0% 10.6%
Internet 0.0% 0.0% 10.6% 0.0%
Biotech 0.0% 0.0% 3.4% 6.7%
Defense and Aerospace 0.0% 6.7% 10.0% 0.0%
Packaging & Containers 0.0% 0.0% 0.0% 10.0%
Application Software 0.0% 0.0% 5.6% 4.2%
Shipping 0.0% 0.0% 9.4% 0.0%
Information Technology Services 0.0% 4.4% 4.4% 4.4%
Semiconductors – Broad Line 0.0% 0.0% 8.7% 0.0%
Chemicals – Specialty 0.0% 0.0% 2.7% 5.3%
Brokers 0.0% 0.0% 0.0% 7.7%
Auto Parts 0.0% 0.0% 5.6% 0.0%
Precious Metals Miners 1.7% 1.7% 1.7% 3.4%
Diversified Machinery 0.0% 2.3% 4.5% 0.0%
Commodities 0.0% 0.0% 0.0% 4.4%
Canadian Precious Metals Miners 0.0% 0.0% 0.0% 3.1%

 

Stage Analysis: U.S. Markets

Ticker Stage Weeks Links
QQQ 2 1 D   W   F   Y   G
IYT 2 72 D   W   F   Y   G
DIA 2 73 D   W   F   Y   G
SPY 2 75 D   W   F   Y   G
IWM 3 2 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 80.0% 20.0% 0.0%

 

Stage Transitions: U.S. Markets

Ticker From To Links
QQQ 3 2 D   W   F   Y   G

 

Stage Analysis: U.S. Sectors

Ticker Stage Weeks Links
XLP 2 10 D   W   F   Y   G
XLE 2 11 D   W   F   Y   G
XLU 2 17 D   W   F   Y   G
XLB 2 43 D   W   F   Y   G
IYZ 2 58 D   W   F   Y   G
XLK 2 68 D   W   F   Y   G
XLI 2 76 D   W   F   Y   G
XLF 2 93 D   W   F   Y   G
XLV 2 126 D   W   F   Y   G
XLY 3 4 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 90.0% 10.0% 0.0%

 

Stage Transitions: U.S. Sectors

Ticker From To Links

 

Stage Analysis: Foreign Markets

Ticker Stage Weeks Links
EWO 2 1 D   W   F   Y   G
EWS 2 2 D   W   F   Y   G
EWH 2 4 D   W   F   Y   G
EWA 2 10 D   W   F   Y   G
EWC 2 12 D   W   F   Y   G
EWI 2 40 D   W   F   Y   G
EWK 2 41 D   W   F   Y   G
EWP 2 41 D   W   F   Y   G
EWD 2 42 D   W   F   Y   G
EWU 2 42 D   W   F   Y   G
EFA 2 43 D   W   F   Y   G
EWG 2 43 D   W   F   Y   G
EWQ 2 87 D   W   F   Y   G
EWN 2 88 D   W   F   Y   G
EWL 2 90 D   W   F   Y   G
EWJ 4 7 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 93.8% 0.0% 6.3%

 

Stage Transitions: Foreign Markets

Ticker From To Links
EWO 3 2 D   W   F   Y   G

 

Stage Analysis: Emerging Markets

Ticker Stage Weeks Links
EWW 1 1 D   W   F   Y   G
ECH 1 3 D   W   F   Y   G
EWZ 2 1 D   W   F   Y   G
EEM 2 3 D   W   F   Y   G
IDX 2 4 D   W   F   Y   G
EWY 2 5 D   W   F   Y   G
EWM 2 5 D   W   F   Y   G
EZA 2 8 D   W   F   Y   G
EWT 2 10 D   W   F   Y   G
INDY 2 10 D   W   F   Y   G
FXI 4 14 D   W   F   Y   G
RBL 4 14 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
16.7% 66.7% 0.0% 16.7%

 

Stage Transitions: Emerging Markets

Ticker From To Links
EWW 4 1 D   W   F   Y   G
EWZ 1 2 D   W   F   Y   G

 

Stage Analysis: Foreign Currencies

Ticker Stage Weeks Links
FXA 2 1 D   W   F   Y   G
FXB 2 33 D   W   F   Y   G
FXF 2 38 D   W   F   Y   G
FXE 2 41 D   W   F   Y   G
FXS 4 1 D   W   F   Y   G
FXY 4 27 D   W   F   Y   G
FXC 4 28 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 57.2% 0.0% 42.9%

 

Stage Transitions: Foreign Currencies

Ticker From To Links
FXA 1 2 D   W   F   Y   G
FXS 3 4 D   W   F   Y   G

 

Stage Analysis: Agricultural Chemicals

Ticker Stage Weeks Links
IPI 1 1 D   W   F   Y   G
SYT 1 3 D   W   F   Y   G
MOS 2 2 D   W   F   Y   G
YONG 2 5 D   W   F   Y   G
POT 2 6 D   W   F   Y   G
UAN 2 7 D   W   F   Y   G
SMG 2 8 D   W   F   Y   G
AGU 2 11 D   W   F   Y   G
CF 2 32 D   W   F   Y   G
MON 2 33 D   W   F   Y   G
DD 2 61 D   W   F   Y   G
MBII 4 9 D   W   F   Y   G
AVD 4 20 D   W   F   Y   G
TNH 4 33 D   W   F   Y   G
RNF 4 51 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
13.4% 60.0% 0.0% 26.7%

 

Stage Transitions: Agricultural Chemicals

Ticker From To Links
IPI 4 1 D   W   F   Y   G

 

Stage Analysis: Airlines

Ticker Stage Weeks Links
LUV 2 34 D   W   F   Y   G
DAL 2 73 D   W   F   Y   G
UAL 3 2 D   W   F   Y   G
JBLU 3 2 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 50.0% 50.0% 0.0%

 

Stage Transitions: Airlines

Ticker From To Links

 

Stage Analysis: Apparel

Ticker Stage Weeks Links
PVH 1 1 D   W   F   Y   G
GIL 2 1 D   W   F   Y   G
CRI 2 9 D   W   F   Y   G
SQBG 2 9 D   W   F   Y   G
COLM 2 29 D   W   F   Y   G
SGC 2 39 D   W   F   Y   G
UA 2 56 D   W   F   Y   G
VFC 2 64 D   W   F   Y   G
CRWS 2 64 D   W   F   Y   G
EVK 2 72 D   W   F   Y   G
KATE 2 73 D   W   F   Y   G
GIII 2 90 D   W   F   Y   G
HBI 2 100 D   W   F   Y   G
OXM 3 4 D   W   F   Y   G
UNF 4 1 D   W   F   Y   G
DLA 4 2 D   W   F   Y   G
ZQK 4 3 D   W   F   Y   G
ZA 4 3 D   W   F   Y   G
JOEZ 4 4 D   W   F   Y   G
RL 4 15 D   W   F   Y   G
XNY 4 19 D   W   F   Y   G
LULU 4 25 D   W   F   Y   G
PERY 4 35 D   W   F   Y   G
APP 4 36 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
4.2% 50.0% 4.2% 41.7%

 

Stage Transitions: Apparel

Ticker From To Links
PVH 4 1 D   W   F   Y   G
GIL 3 2 D   W   F   Y   G
UNF 3 4 D   W   F   Y   G

 

Stage Analysis: Apparel Stores

Ticker Stage Weeks Links
ANF 1 10 D   W   F   Y   G
CTRN 2 2 D   W   F   Y   G
ANN 2 8 D   W   F   Y   G
JWN 2 9 D   W   F   Y   G
LUX 2 13 D   W   F   Y   G
GCO 2 29 D   W   F   Y   G
JOSB 2 30 D   W   F   Y   G
SSI 3 1 D   W   F   Y   G
BEBE 3 1 D   W   F   Y   G
MW 3 2 D   W   F   Y   G
GPS 3 3 D   W   F   Y   G
CHKE 3 4 D   W   F   Y   G
ROST 4 1 D   W   F   Y   G
SMRT 4 1 D   W   F   Y   G
LB 4 2 D   W   F   Y   G
CATO 4 5 D   W   F   Y   G
FRAN 4 6 D   W   F   Y   G
DEST 4 6 D   W   F   Y   G
SCVL 4 7 D   W   F   Y   G
CBK 4 7 D   W   F   Y   G
WACLY 4 8 D   W   F   Y   G
CACH 4 8 D   W   F   Y   G
ASNA 4 9 D   W   F   Y   G
PLCE 4 9 D   W   F   Y   G
CHS 4 10 D   W   F   Y   G
DSW 4 11 D   W   F   Y   G
GES 4 14 D   W   F   Y   G
DXLG 4 14 D   W   F   Y   G
BKE 4 15 D   W   F   Y   G
PSUN 4 16 D   W   F   Y   G
EXPR 4 18 D   W   F   Y   G
NWY 4 22 D   W   F   Y   G
TLYS 4 23 D   W   F   Y   G
WTSL 4 28 D   W   F   Y   G
URBN 4 32 D   W   F   Y   G
ARO 4 39 D   W   F   Y   G
BODY 4 40 D   W   F   Y   G
AEO 4 55 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
2.7% 15.8% 13.2% 68.5%

 

Stage Transitions: Apparel Stores

Ticker From To Links
SSI 2 3 D   W   F   Y   G
BEBE 2 3 D   W   F   Y   G
ROST 3 4 D   W   F   Y   G
SMRT 3 4 D   W   F   Y   G

 

Stage Analysis: Application Software

Ticker Stage Weeks Links
NUAN 1 7 D   W   F   Y   G
AVG 2 6 D   W   F   Y   G
SWI 2 11 D   W   F   Y   G
NSIT 2 12 D   W   F   Y   G
CDNS 2 13 D   W   F   Y   G
FTNT 2 13 D   W   F   Y   G
AMAP 2 14 D   W   F   Y   G
VRNG 2 15 D   W   F   Y   G
ACCL 2 19 D   W   F   Y   G
DBD 2 24 D   W   F   Y   G
ORCL 2 31 D   W   F   Y   G
QADA 2 33 D   W   F   Y   G
SYNA 2 34 D   W   F   Y   G
INTU 2 43 D   W   F   Y   G
ICGE 2 43 D   W   F   Y   G
LOGM 2 48 D   W   F   Y   G
OTEX 2 54 D   W   F   Y   G
MGIC 2 60 D   W   F   Y   G
ADBE 2 91 D   W   F   Y   G
DATA 3 1 D   W   F   Y   G
MANH 3 1 D   W   F   Y   G
PFPT 3 1 D   W   F   Y   G
PLUS 3 1 D   W   F   Y   G
SAAS 3 2 D   W   F   Y   G
GUID 3 3 D   W   F   Y   G
WDAY 3 4 D   W   F   Y   G
MSCI 3 4 D   W   F   Y   G
DWRE 3 4 D   W   F   Y   G
LOCK 3 4 D   W   F   Y   G
QLYS 3 4 D   W   F   Y   G
AGYS 3 4 D   W   F   Y   G
CRM 3 5 D   W   F   Y   G
RHT 3 5 D   W   F   Y   G
MSTR 3 5 D   W   F   Y   G
TYPE 3 5 D   W   F   Y   G
MCRS 3 7 D   W   F   Y   G
LXFT 3 8 D   W   F   Y   G
SAP 3 13 D   W   F   Y   G
NQ 4 1 D   W   F   Y   G
KEYW 4 1 D   W   F   Y   G
SQI 4 1 D   W   F   Y   G
SPLK 4 2 D   W   F   Y   G
MKTO 4 2 D   W   F   Y   G
SNCR 4 2 D   W   F   Y   G
CVT 4 2 D   W   F   Y   G
ECOM 4 2 D   W   F   Y   G
EOPN 4 2 D   W   F   Y   G
FEYE 4 2 D   W   F   Y   G
ELLI 4 3 D   W   F   Y   G
CSOD 4 4 D   W   F   Y   G
ADVS 4 4 D   W   F   Y   G
IMPV 4 4 D   W   F   Y   G
SPSC 4 4 D   W   F   Y   G
PRO 4 5 D   W   F   Y   G
FLTX 4 6 D   W   F   Y   G
MRIN 4 6 D   W   F   Y   G
BSFT 4 7 D   W   F   Y   G
EGOV 4 9 D   W   F   Y   G
PRGS 4 9 D   W   F   Y   G
CTRX 4 10 D   W   F   Y   G
DTSI 4 10 D   W   F   Y   G
SEAC 4 10 D   W   F   Y   G
STMP 4 11 D   W   F   Y   G
RP 4 12 D   W   F   Y   G
BCOV 4 13 D   W   F   Y   G
BIRT 4 13 D   W   F   Y   G
TXTR 4 13 D   W   F   Y   G
CPWR 4 15 D   W   F   Y   G
CVLT 4 21 D   W   F   Y   G
RALY 4 22 D   W   F   Y   G
BV 4 25 D   W   F   Y   G
JIVE 4 38 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
1.4% 25.0% 26.4% 47.3%

 

Stage Transitions: Application Software

Ticker From To Links
DATA 4 3 D   W   F   Y   G
MANH 2 3 D   W   F   Y   G
PFPT 4 3 D   W   F   Y   G
PLUS 2 3 D   W   F   Y   G
NQ 3 4 D   W   F   Y   G
KEYW 3 4 D   W   F   Y   G
SQI 3 4 D   W   F   Y   G

 

Stage Analysis: Asset Managers

Ticker Stage Weeks Links
AMP 2 1 D   W   F   Y   G
PFG 2 1 D   W   F   Y   G
BK 2 8 D   W   F   Y   G
IVZ 2 9 D   W   F   Y   G
TROW 2 29 D   W   F   Y   G
LAZ 2 41 D   W   F   Y   G
LM 2 70 D   W   F   Y   G
BLK 3 1 D   W   F   Y   G
BX 3 1 D   W   F   Y   G
NTRS 3 2 D   W   F   Y   G
BEN 3 12 D   W   F   Y   G
AMG 3 12 D   W   F   Y   G
STT 4 3 D   W   F   Y   G
FIG 4 4 D   W   F   Y   G
EV 4 12 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 46.7% 33.4% 20.0%

 

Stage Transitions: Asset Managers

Ticker From To Links
AMP 3 2 D   W   F   Y   G
PFG 3 2 D   W   F   Y   G
BLK 2 3 D   W   F   Y   G
BX 2 3 D   W   F   Y   G

 

Stage Analysis: Autos

Ticker Stage Weeks Links
F 1 2 D   W   F   Y   G
TTM 2 12 D   W   F   Y   G
TSLA 2 16 D   W   F   Y   G
KNDI 3 1 D   W   F   Y   G
NSANY 4 2 D   W   F   Y   G
GM 4 4 D   W   F   Y   G
HMC 4 12 D   W   F   Y   G
TM 4 14 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
12.5% 25.0% 12.5% 50.0%

 

Stage Transitions: Autos

Ticker From To Links
KNDI 2 3 D   W   F   Y   G

 

Stage Analysis: Auto Parts

Ticker Stage Weeks Links
FSS 2 8 D   W   F   Y   G
SMP 2 8 D   W   F   Y   G
SUP 2 8 D   W   F   Y   G
REMY 2 10 D   W   F   Y   G
PLOW 2 10 D   W   F   Y   G
LEA 2 11 D   W   F   Y   G
DAN 2 11 D   W   F   Y   G
TRW 2 12 D   W   F   Y   G
MOD 2 12 D   W   F   Y   G
CPS 2 16 D   W   F   Y   G
MTOR 2 22 D   W   F   Y   G
DORM 2 23 D   W   F   Y   G
MNRO 2 32 D   W   F   Y   G
THRM 2 33 D   W   F   Y   G
ALSN 2 34 D   W   F   Y   G
MLR 2 44 D   W   F   Y   G
MPAA 2 52 D   W   F   Y   G
BWA 2 67 D   W   F   Y   G
TEN 2 73 D   W   F   Y   G
ALV 2 74 D   W   F   Y   G
VC 2 78 D   W   F   Y   G
STRT 2 81 D   W   F   Y   G
DLPH 2 90 D   W   F   Y   G
WBC 2 91 D   W   F   Y   G
CAAS 3 1 D   W   F   Y   G
QTWW 3 1 D   W   F   Y   G
GNTX 3 5 D   W   F   Y   G
JCI 3 7 D   W   F   Y   G
FDML 3 13 D   W   F   Y   G
AXL 4 3 D   W   F   Y   G
LKQ 4 9 D   W   F   Y   G
SRI 4 11 D   W   F   Y   G
TXIC 4 13 D   W   F   Y   G
ZX 4 23 D   W   F   Y   G
FSYS 4 26 D   W   F   Y   G
WPRT 4 38 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 66.7% 13.9% 19.5%

 

Stage Transitions: Auto Parts

Ticker From To Links
CAAS 2 3 D   W   F   Y   G
QTWW 2 3 D   W   F   Y   G

 

Stage Analysis: Banks

Ticker Stage Weeks Links
BBT 2 24 D   W   F   Y   G
CMA 2 30 D   W   F   Y   G
USB 2 51 D   W   F   Y   G
KEY 2 70 D   W   F   Y   G
WFC 2 71 D   W   F   Y   G
STI 2 98 D   W   F   Y   G
FITB 3 1 D   W   F   Y   G
RF 3 1 D   W   F   Y   G
JPM 3 2 D   W   F   Y   G
BAC 3 2 D   W   F   Y   G
C 4 8 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 54.6% 36.4% 9.1%

 

Stage Transitions: Banks

Ticker From To Links
FITB 2 3 D   W   F   Y   G
RF 2 3 D   W   F   Y   G

 

Stage Analysis: Beverages – Brewers

Ticker Stage Weeks Links
CCU 1 1 D   W   F   Y   G
FMX 1 3 D   W   F   Y   G
SAM 2 9 D   W   F   Y   G
BUD 2 10 D   W   F   Y   G
VCO 2 10 D   W   F   Y   G
BORN 2 25 D   W   F   Y   G
TAP 2 43 D   W   F   Y   G
BREW 3 6 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
25.0% 62.5% 12.5% 0.0%

 

Stage Transitions: Beverages – Brewers

Ticker From To Links
CCU 4 1 D   W   F   Y   G

 

Stage Analysis: Biotech

Ticker Stage Weeks Links
SRPT 2 2 D   W   F   Y   G
MNKD 2 5 D   W   F   Y   G
ACOR 2 9 D   W   F   Y   G
ITMN 2 10 D   W   F   Y   G
AGIO 2 10 D   W   F   Y   G
QCOR 2 15 D   W   F   Y   G
ENTA 2 28 D   W   F   Y   G
CBPO 2 37 D   W   F   Y   G
EBS 2 42 D   W   F   Y   G
ALXN 2 43 D   W   F   Y   G
INSY 2 45 D   W   F   Y   G
ILMN 2 62 D   W   F   Y   G
ALNY 3 1 D   W   F   Y   G
CRL 3 1 D   W   F   Y   G
NLNK 3 2 D   W   F   Y   G
EXAS 3 2 D   W   F   Y   G
ARWR 3 2 D   W   F   Y   G
RCPT 3 2 D   W   F   Y   G
REGN 3 3 D   W   F   Y   G
JAZZ 3 3 D   W   F   Y   G
GEVA 3 3 D   W   F   Y   G
SGMO 3 3 D   W   F   Y   G
ANAC 3 3 D   W   F   Y   G
PTCT 3 3 D   W   F   Y   G
BCRX 3 3 D   W   F   Y   G
AMGN 3 4 D   W   F   Y   G
BIIB 3 4 D   W   F   Y   G
INCY 3 4 D   W   F   Y   G
PBYI 3 4 D   W   F   Y   G
CLVS 3 4 D   W   F   Y   G
DYAX 3 4 D   W   F   Y   G
PTLA 3 4 D   W   F   Y   G
OMED 3 4 D   W   F   Y   G
INSM 3 4 D   W   F   Y   G
NVAX 3 5 D   W   F   Y   G
IDIX 3 5 D   W   F   Y   G
GILD 3 6 D   W   F   Y   G
NPSP 3 6 D   W   F   Y   G
TECH 3 7 D   W   F   Y   G
PDLI 3 9 D   W   F   Y   G
SGEN 4 1 D   W   F   Y   G
MDVN 4 1 D   W   F   Y   G
ACAD 4 1 D   W   F   Y   G
NKTR 4 1 D   W   F   Y   G
CELG 4 3 D   W   F   Y   G
BMRN 4 3 D   W   F   Y   G
VRTX 4 4 D   W   F   Y   G
HALO 4 5 D   W   F   Y   G
ARIA 4 5 D   W   F   Y   G
ARNA 4 5 D   W   F   Y   G
XOMA 4 5 D   W   F   Y   G
THRX 4 6 D   W   F   Y   G
CLDX 4 6 D   W   F   Y   G
IMGN 4 6 D   W   F   Y   G
EXEL 4 6 D   W   F   Y   G
EPZM 4 9 D   W   F   Y   G
TSRO 4 14 D   W   F   Y   G
AEGR 4 15 D   W   F   Y   G
LXRX 4 22 D   W   F   Y   G
VVUS 4 37 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 20.0% 46.7% 33.4%

 

Stage Transitions: Biotech

Ticker From To Links
ALNY 4 3 D   W   F   Y   G
CRL 2 3 D   W   F   Y   G
SGEN 3 4 D   W   F   Y   G
MDVN 3 4 D   W   F   Y   G
ACAD 3 4 D   W   F   Y   G
NKTR 3 4 D   W   F   Y   G

 

Stage Analysis: Brokers

Ticker Stage Weeks Links
GS 0 0 D   W   F   Y   G
ITG 2 6 D   W   F   Y   G
OPY 2 28 D   W   F   Y   G
PJC 2 34 D   W   F   Y   G
ETFC 2 68 D   W   F   Y   G
AMTD 2 70 D   W   F   Y   G
SCHW 2 74 D   W   F   Y   G
RJF 3 2 D   W   F   Y   G
SF 3 3 D   W   F   Y   G
MS 3 4 D   W   F   Y   G
KCG 3 4 D   W   F   Y   G
CME 4 1 D   W   F   Y   G
GHL 4 3 D   W   F   Y   G
NMR 4 13 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 46.2% 30.8% 23.1%

 

Stage Transitions: Brokers

Ticker From To Links
CME 3 4 D   W   F   Y   G

 

Stage Analysis: Business Software

Ticker Stage Weeks Links
IRM 1 1 D   W   F   Y   G
FICO 2 1 D   W   F   Y   G
EBIX 2 12 D   W   F   Y   G
FFIV 2 17 D   W   F   Y   G
FORTY 2 18 D   W   F   Y   G
VRNT 2 35 D   W   F   Y   G
CTSH 2 37 D   W   F   Y   G
NTCT 2 42 D   W   F   Y   G
DST 2 43 D   W   F   Y   G
MSFT 2 55 D   W   F   Y   G
SPNS 2 71 D   W   F   Y   G
DSGX 2 72 D   W   F   Y   G
DOX 2 91 D   W   F   Y   G
SAPE 3 2 D   W   F   Y   G
EVTC 3 3 D   W   F   Y   G
ININ 3 3 D   W   F   Y   G
AZPN 3 4 D   W   F   Y   G
EPAY 3 4 D   W   F   Y   G
ADP 3 5 D   W   F   Y   G
CALD 3 5 D   W   F   Y   G
SABA 3 5 D   W   F   Y   G
JKHY 3 6 D   W   F   Y   G
SLH 3 6 D   W   F   Y   G
SSNC 3 6 D   W   F   Y   G
CA 3 7 D   W   F   Y   G
CSGS 3 11 D   W   F   Y   G
PRFT 4 1 D   W   F   Y   G
GWRE 4 2 D   W   F   Y   G
INFA 4 3 D   W   F   Y   G
N 4 4 D   W   F   Y   G
DWCH 4 4 D   W   F   Y   G
PEGA 4 5 D   W   F   Y   G
CTXS 4 6 D   W   F   Y   G
QLIK 4 6 D   W   F   Y   G
TNGO 4 7 D   W   F   Y   G
BLKB 4 10 D   W   F   Y   G
TIBX 4 18 D   W   F   Y   G
SREV 4 22 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
2.7% 31.6% 34.3% 31.6%

 

Stage Transitions: Business Software

Ticker From To Links
IRM 4 1 D   W   F   Y   G
FICO 3 2 D   W   F   Y   G
PRFT 3 4 D   W   F   Y   G

 

Stage Analysis: Chemicals – Major Diversified

Ticker Stage Weeks Links
LNDC 1 3 D   W   F   Y   G
RTK 1 4 D   W   F   Y   G
SQM 1 10 D   W   F   Y   G
ACET 2 3 D   W   F   Y   G
BCPC 2 5 D   W   F   Y   G
LXU 2 6 D   W   F   Y   G
CE 2 7 D   W   F   Y   G
MTX 2 7 D   W   F   Y   G
PDH 2 10 D   W   F   Y   G
FF 2 11 D   W   F   Y   G
EMN 2 18 D   W   F   Y   G
BIOA 2 20 D   W   F   Y   G
REX 2 23 D   W   F   Y   G
SHLM 2 33 D   W   F   Y   G
HUN 2 34 D   W   F   Y   G
DOW 2 54 D   W   F   Y   G
FMC 2 54 D   W   F   Y   G
ASH 2 56 D   W   F   Y   G
APD 2 71 D   W   F   Y   G
PX 2 75 D   W   F   Y   G
ARSD 3 4 D   W   F   Y   G
ARG 3 13 D   W   F   Y   G
BAK 4 11 D   W   F   Y   G
VHI 4 21 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
12.5% 70.9% 8.4% 8.4%

 

Stage Transitions: Chemicals – Major Diversified

Ticker From To Links

 

Stage Analysis: Chemicals – Specialty

Ticker Stage Weeks Links
KOP 1 3 D   W   F   Y   G
HWKN 1 5 D   W   F   Y   G
ALB 2 5 D   W   F   Y   G
KWR 2 9 D   W   F   Y   G
IPHS 2 10 D   W   F   Y   G
FTK 2 13 D   W   F   Y   G
PEIX 2 19 D   W   F   Y   G
KRA 2 23 D   W   F   Y   G
OLN 2 25 D   W   F   Y   G
VAL 2 29 D   W   F   Y   G
SHW 2 32 D   W   F   Y   G
ROC 2 34 D   W   F   Y   G
SNMX 2 40 D   W   F   Y   G
OMN 2 44 D   W   F   Y   G
CYT 2 47 D   W   F   Y   G
CBT 2 50 D   W   F   Y   G
WLK 2 52 D   W   F   Y   G
NEU 2 59 D   W   F   Y   G
FOE 2 67 D   W   F   Y   G
SXT 2 68 D   W   F   Y   G
WDFC 2 69 D   W   F   Y   G
GPRE 2 72 D   W   F   Y   G
SIAL 2 74 D   W   F   Y   G
RPM 2 75 D   W   F   Y   G
MEOH 2 82 D   W   F   Y   G
IFF 2 91 D   W   F   Y   G
LYB 2 95 D   W   F   Y   G
POL 2 96 D   W   F   Y   G
PPG 2 130 D   W   F   Y   G
KRO 3 1 D   W   F   Y   G
GRA 3 2 D   W   F   Y   G
AMRS 3 3 D   W   F   Y   G
TAM 3 4 D   W   F   Y   G
IOSP 3 4 D   W   F   Y   G
FUL 3 8 D   W   F   Y   G
ODC 3 14 D   W   F   Y   G
OMG 4 1 D   W   F   Y   G
CHMT 4 1 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
5.3% 71.1% 18.5% 5.3%

 

Stage Transitions: Chemicals – Specialty

Ticker From To Links
KRO 2 3 D   W   F   Y   G
OMG 3 4 D   W   F   Y   G
CHMT 3 4 D   W   F   Y   G

 

Stage Analysis: Clean Energy

Ticker Stage Weeks Links
BLDP 2 18 D   W   F   Y   G
CPST 2 18 D   W   F   Y   G
FCEL 2 29 D   W   F   Y   G
PLUG 2 32 D   W   F   Y   G
HYGS 3 1 D   W   F   Y   G
QTWW 3 1 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 66.7% 33.4% 0.0%

 

Stage Transitions: Clean Energy

Ticker From To Links
HYGS 2 3 D   W   F   Y   G
QTWW 2 3 D   W   F   Y   G

 

Stage Analysis: Coal

Ticker Stage Weeks Links
BTU 1 1 D   W   F   Y   G
KOL 1 3 D   W   F   Y   G
ACI 2 4 D   W   F   Y   G
CNX 2 33 D   W   F   Y   G
ARLP 2 67 D   W   F   Y   G
ANR 4 16 D   W   F   Y   G
NRP 4 17 D   W   F   Y   G
WLT 4 17 D   W   F   Y   G
YZC 4 19 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
22.3% 33.4% 0.0% 44.5%

 

Stage Transitions: Coal

Ticker From To Links
BTU 4 1 D   W   F   Y   G

 

Stage Analysis: Commodities

Ticker Stage Weeks Links
REMX 1 2 D   W   F   Y   G
JJM 1 2 D   W   F   Y   G
KOL 1 3 D   W   F   Y   G
WEAT 1 8 D   W   F   Y   G
CORN 1 9 D   W   F   Y   G
PPLT 1 11 D   W   F   Y   G
GLD 1 12 D   W   F   Y   G
GCC 2 9 D   W   F   Y   G
OIL 2 9 D   W   F   Y   G
SOYB 2 9 D   W   F   Y   G
MOO 2 9 D   W   F   Y   G
DBA 2 10 D   W   F   Y   G
PALL 2 11 D   W   F   Y   G
JO 2 11 D   W   F   Y   G
UGA 2 11 D   W   F   Y   G
BAL 2 13 D   W   F   Y   G
COW 2 16 D   W   F   Y   G
UNG 2 20 D   W   F   Y   G
CHOC 2 38 D   W   F   Y   G
NLR 2 52 D   W   F   Y   G
SGG 4 1 D   W   F   Y   G
SLV 4 6 D   W   F   Y   G
JJC 4 14 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
30.5% 56.6% 0.0% 13.1%

 

Stage Transitions: Commodities

Ticker From To Links
SGG 1 4 D   W   F   Y   G

 

Stage Analysis: Copper

Ticker Stage Weeks Links
FCX 2 1 D   W   F   Y   G
SCCO 2 6 D   W   F   Y   G
AZC 2 13 D   W   F   Y   G
NSU 3 5 D   W   F   Y   G
LIWA 4 10 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 60.0% 20.0% 20.0%

 

Stage Transitions: Copper

Ticker From To Links
FCX 3 2 D   W   F   Y   G

 

Stage Analysis: Data Storage

Ticker Stage Weeks Links
STX 2 7 D   W   F   Y   G
EMC 2 16 D   W   F   Y   G
SNDK 2 34 D   W   F   Y   G
WDC 2 72 D   W   F   Y   G
BRCD 3 1 D   W   F   Y   G
DTLK 3 1 D   W   F   Y   G
TDC 4 1 D   W   F   Y   G
FIO 4 4 D   W   F   Y   G
NTAP 4 7 D   W   F   Y   G
ELX 4 19 D   W   F   Y   G
QTM 4 36 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 36.4% 18.2% 45.5%

 

Stage Transitions: Data Storage

Ticker From To Links
BRCD 2 3 D   W   F   Y   G
DTLK 2 3 D   W   F   Y   G
TDC 1 4 D   W   F   Y   G

 

Stage Analysis: Defense and Aerospace

Ticker Stage Weeks Links
SPR 2 1 D   W   F   Y   G
WWD 2 1 D   W   F   Y   G
MOG-A 2 2 D   W   F   Y   G
ERJ 2 10 D   W   F   Y   G
FLIR 2 17 D   W   F   Y   G
AVAV 2 39 D   W   F   Y   G
KAMN 2 43 D   W   F   Y   G
CAE 2 44 D   W   F   Y   G
LMT 2 60 D   W   F   Y   G
RTN 2 60 D   W   F   Y   G
ORB 2 69 D   W   F   Y   G
ESL 2 71 D   W   F   Y   G
GD 2 74 D   W   F   Y   G
ESLT 2 75 D   W   F   Y   G
COL 2 80 D   W   F   Y   G
ATK 2 80 D   W   F   Y   G
BEAV 2 82 D   W   F   Y   G
LLL 2 88 D   W   F   Y   G
HII 2 99 D   W   F   Y   G
TDG 2 133 D   W   F   Y   G
HEI 3 1 D   W   F   Y   G
ATRO 3 1 D   W   F   Y   G
TASR 3 1 D   W   F   Y   G
HEI-A 3 2 D   W   F   Y   G
HXL 3 4 D   W   F   Y   G
XLS 3 4 D   W   F   Y   G
BA 3 9 D   W   F   Y   G
RGR 3 10 D   W   F   Y   G
DGI 4 6 D   W   F   Y   G
TGI 4 13 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 66.7% 26.7% 6.7%

 

Stage Transitions: Defense and Aerospace

Ticker From To Links
SPR 3 2 D   W   F   Y   G
WWD 3 2 D   W   F   Y   G
HEI 2 3 D   W   F   Y   G
ATRO 2 3 D   W   F   Y   G
TASR 2 3 D   W   F   Y   G

 

Stage Analysis: Diversified Machinery

Ticker Stage Weeks Links
DRC 1 3 D   W   F   Y   G
IR 2 1 D   W   F   Y   G
BWC 2 2 D   W   F   Y   G
GE 2 3 D   W   F   Y   G
NDSN 2 3 D   W   F   Y   G
RBC 2 3 D   W   F   Y   G
LXFR 2 3 D   W   F   Y   G
DOV 2 9 D   W   F   Y   G
AIXG 2 11 D   W   F   Y   G
BGG 2 18 D   W   F   Y   G
CAT 2 20 D   W   F   Y   G
XYL 2 30 D   W   F   Y   G
ZBRA 2 30 D   W   F   Y   G
RXN 2 32 D   W   F   Y   G
SPW 2 35 D   W   F   Y   G
CMI 2 42 D   W   F   Y   G
ROK 2 43 D   W   F   Y   G
HI 2 43 D   W   F   Y   G
ITT 2 67 D   W   F   Y   G
PSIX 2 67 D   W   F   Y   G
MMM 2 74 D   W   F   Y   G
CR 2 75 D   W   F   Y   G
ETN 2 86 D   W   F   Y   G
PLL 2 86 D   W   F   Y   G
AME 2 90 D   W   F   Y   G
CFX 2 90 D   W   F   Y   G
IEX 2 90 D   W   F   Y   G
HON 2 92 D   W   F   Y   G
ITW 2 92 D   W   F   Y   G
FLS 2 96 D   W   F   Y   G
GNRC 2 96 D   W   F   Y   G
LII 2 116 D   W   F   Y   G
MIDD 2 129 D   W   F   Y   G
ABB 3 1 D   W   F   Y   G
JBT 3 1 D   W   F   Y   G
DHR 3 4 D   W   F   Y   G
ROP 3 4 D   W   F   Y   G
POWL 3 4 D   W   F   Y   G
GRC 3 6 D   W   F   Y   G
GGG 3 6 D   W   F   Y   G
CYD 3 9 D   W   F   Y   G
THR 4 2 D   W   F   Y   G
RAVN 4 4 D   W   F   Y   G
ATU 4 11 D   W   F   Y   G
PPO 4 25 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
2.3% 71.2% 17.8% 8.9%

 

Stage Transitions: Diversified Machinery

Ticker From To Links
IR 3 2 D   W   F   Y   G
ABB 2 3 D   W   F   Y   G
JBT 2 3 D   W   F   Y   G

 

Stage Analysis: Drugs

Ticker Stage Weeks Links
ABBV 2 1 D   W   F   Y   G
GSK 2 2 D   W   F   Y   G
SNY 2 6 D   W   F   Y   G
JNJ 2 11 D   W   F   Y   G
LLY 2 16 D   W   F   Y   G
GWPH 2 22 D   W   F   Y   G
MRK 2 24 D   W   F   Y   G
HZNP 2 33 D   W   F   Y   G
IPXL 2 40 D   W   F   Y   G
AZN 2 41 D   W   F   Y   G
PCRX 2 71 D   W   F   Y   G
NVS 2 96 D   W   F   Y   G
ICPT 3 1 D   W   F   Y   G
KERX 3 2 D   W   F   Y   G
PFE 3 3 D   W   F   Y   G
BMY 3 4 D   W   F   Y   G
NBIX 3 4 D   W   F   Y   G
RMTI 3 4 D   W   F   Y   G
KYTH 4 1 D   W   F   Y   G
TXMD 4 1 D   W   F   Y   G
RPTP 4 7 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 57.2% 28.6% 14.3%

 

Stage Transitions: Drugs

Ticker From To Links
ABBV 3 2 D   W   F   Y   G
ICPT 2 3 D   W   F   Y   G
KYTH 3 4 D   W   F   Y   G
TXMD 3 4 D   W   F   Y   G

 

Stage Analysis: Drugs Other

Ticker Stage Weeks Links
AGN 2 20 D   W   F   Y   G
TEVA 2 24 D   W   F   Y   G
RDY 2 32 D   W   F   Y   G
DEPO 2 39 D   W   F   Y   G
NVO 2 40 D   W   F   Y   G
TARO 2 44 D   W   F   Y   G
FRX 2 73 D   W   F   Y   G
LCI 3 3 D   W   F   Y   G
ENDP 3 4 D   W   F   Y   G
CBST 3 4 D   W   F   Y   G
UTHR 3 6 D   W   F   Y   G
ISIS 4 1 D   W   F   Y   G
SGYP 4 1 D   W   F   Y   G
OREX 4 3 D   W   F   Y   G
SCMP 4 3 D   W   F   Y   G
PCYC 4 4 D   W   F   Y   G
DVAX 4 6 D   W   F   Y   G
MDCO 4 10 D   W   F   Y   G
AMRN 4 30 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 36.9% 21.1% 42.2%

 

Stage Transitions: Drugs Other

Ticker From To Links
ISIS 3 4 D   W   F   Y   G
SGYP 3 4 D   W   F   Y   G

 

Stage Analysis: Farm and Construction Machinery

Ticker Stage Weeks Links
AGCO 1 2 D   W   F   Y   G
CMCO 2 8 D   W   F   Y   G
ALG 2 9 D   W   F   Y   G
JOY 2 12 D   W   F   Y   G
LNN 2 19 D   W   F   Y   G
DE 2 21 D   W   F   Y   G
MTW 2 23 D   W   F   Y   G
ASTE 2 23 D   W   F   Y   G
TEX 2 34 D   W   F   Y   G
GENC 2 39 D   W   F   Y   G
ARTW 4 3 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
9.1% 81.9% 0.0% 9.1%

 

Stage Transitions: Farm and Construction Machinery

Ticker From To Links

 

Stage Analysis: Farm Products

Ticker Stage Weeks Links
FDP 1 1 D   W   F   Y   G
GAGA 2 1 D   W   F   Y   G
SANW 2 1 D   W   F   Y   G
OINK 2 3 D   W   F   Y   G
CRESY 2 4 D   W   F   Y   G
CHSCP 2 5 D   W   F   Y   G
CQB 2 6 D   W   F   Y   G
AGRO 2 11 D   W   F   Y   G
CVGW 2 33 D   W   F   Y   G
ADM 2 66 D   W   F   Y   G
ANDE 2 72 D   W   F   Y   G
BG 3 1 D   W   F   Y   G
SEED 3 1 D   W   F   Y   G
PME 4 1 D   W   F   Y   G
GRO 4 4 D   W   F   Y   G
LMNR 4 11 D   W   F   Y   G
ALCO 4 28 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
5.9% 58.9% 11.8% 23.6%

 

Stage Transitions: Farm Products

Ticker From To Links
FDP 4 1 D   W   F   Y   G
GAGA 1 2 D   W   F   Y   G
SANW 1 2 D   W   F   Y   G
BG 2 3 D   W   F   Y   G
SEED 2 3 D   W   F   Y   G
PME 1 4 D   W   F   Y   G

 

Stage Analysis: Graphite

Ticker Stage Weeks Links
ZEN.V 2 5 D   W   F   Y   G
LLG.V 3 1 D   W   F   Y   G
FMS.V 4 1 D   W   F   Y   G
NGC.V 4 1 D   W   F   Y   G
NRT.V 4 17 D   W   F   Y   G
GPH.V 4 26 D   W   F   Y   G
CCB.V 4 27 D   W   F   Y   G
USGT 4 66 D   W   F   Y   G
GXY.V 4 86 D   W   F   Y   G
ELI.V 4 89 D   W   F   Y   G
SGH.V 4 89 D   W   F   Y   G
SRK.V 4 103 D   W   F   Y   G
RBW.V 4 107 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 7.7% 7.7% 84.7%

 

Stage Transitions: Graphite

Ticker From To Links
LLG.V 2 3 D   W   F   Y   G
FMS.V 1 4 D   W   F   Y   G
NGC.V 1 4 D   W   F   Y   G

 

Stage Analysis: Homebuilders

Ticker Stage Weeks Links
LEN 2 1 D   W   F   Y   G
DHI 2 2 D   W   F   Y   G
GFA 2 4 D   W   F   Y   G
NVR 2 22 D   W   F   Y   G
TOL 3 3 D   W   F   Y   G
PHM 3 4 D   W   F   Y   G
MHO 3 7 D   W   F   Y   G
BZH 3 7 D   W   F   Y   G
SPF 4 2 D   W   F   Y   G
RYL 4 2 D   W   F   Y   G
TMHC 4 2 D   W   F   Y   G
MTH 4 4 D   W   F   Y   G
KBH 4 5 D   W   F   Y   G
TPH 4 6 D   W   F   Y   G
HOV 4 7 D   W   F   Y   G
MDC 4 9 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 25.0% 25.0% 50.0%

 

Stage Transitions: Homebuilders

Ticker From To Links
LEN 3 2 D   W   F   Y   G

 

Stage Analysis: Industrial Metals And Minerals

Ticker Stage Weeks Links
BTU 1 1 D   W   F   Y   G
PVG 1 1 D   W   F   Y   G
TGB 1 1 D   W   F   Y   G
TRQ 1 3 D   W   F   Y   G
ACI 2 4 D   W   F   Y   G
BHP 2 6 D   W   F   Y   G
MTRN 2 9 D   W   F   Y   G
SLCA 2 10 D   W   F   Y   G
DNN 2 10 D   W   F   Y   G
BBL 2 12 D   W   F   Y   G
PLM 2 13 D   W   F   Y   G
TAHO 2 14 D   W   F   Y   G
URZ 2 15 D   W   F   Y   G
CMP 2 16 D   W   F   Y   G
SWC 2 18 D   W   F   Y   G
CLD 2 18 D   W   F   Y   G
TAS 2 18 D   W   F   Y   G
ACO 2 19 D   W   F   Y   G
CCJ 2 20 D   W   F   Y   G
GSM 2 32 D   W   F   Y   G
RIO 2 33 D   W   F   Y   G
CNX 2 33 D   W   F   Y   G
HCLP 2 55 D   W   F   Y   G
ARLP 2 67 D   W   F   Y   G
ZINC 2 68 D   W   F   Y   G
URG 3 2 D   W   F   Y   G
ASM 3 3 D   W   F   Y   G
MUX 3 3 D   W   F   Y   G
UAMY 3 7 D   W   F   Y   G
PBM 3 7 D   W   F   Y   G
TC 4 1 D   W   F   Y   G
VALE 4 2 D   W   F   Y   G
PZG 4 3 D   W   F   Y   G
MIL 4 4 D   W   F   Y   G
RIOM 4 4 D   W   F   Y   G
AXU 4 4 D   W   F   Y   G
AXX 4 5 D   W   F   Y   G
ATL 4 6 D   W   F   Y   G
CHNR 4 6 D   W   F   Y   G
HSC 4 8 D   W   F   Y   G
PLG 4 8 D   W   F   Y   G
EMXX 4 9 D   W   F   Y   G
URRE 4 11 D   W   F   Y   G
CLF 4 15 D   W   F   Y   G
ANR 4 16 D   W   F   Y   G
NRP 4 17 D   W   F   Y   G
WLT 4 17 D   W   F   Y   G
TCK 4 23 D   W   F   Y   G
REE 4 27 D   W   F   Y   G
AVL 4 28 D   W   F   Y   G
MCP 4 29 D   W   F   Y   G
UEC 4 31 D   W   F   Y   G
NCQ 4 33 D   W   F   Y   G
GMO 4 61 D   W   F   Y   G
PAL 4 63 D   W   F   Y   G
NAK 4 64 D   W   F   Y   G
SVBL 4 157 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
7.1% 36.9% 8.8% 47.4%

 

Stage Transitions: Industrial Metals And Minerals

Ticker From To Links
BTU 4 1 D   W   F   Y   G
PVG 4 1 D   W   F   Y   G
TGB 4 1 D   W   F   Y   G
TC 1 4 D   W   F   Y   G

 

Stage Analysis: Internet

Ticker Stage Weeks Links
AKAM 3 1 D   W   F   Y   G
IACI 3 1 D   W   F   Y   G
FB 3 2 D   W   F   Y   G
WWWW 3 2 D   W   F   Y   G
TER 3 2 D   W   F   Y   G
TRIP 3 3 D   W   F   Y   G
TTGT 3 3 D   W   F   Y   G
GOOGL 3 4 D   W   F   Y   G
YELP 3 4 D   W   F   Y   G
OPEN 3 4 D   W   F   Y   G
YHOO 3 5 D   W   F   Y   G
AWAY 3 5 D   W   F   Y   G
BIDU 3 6 D   W   F   Y   G
TZOO 4 5 D   W   F   Y   G
YNDX 4 6 D   W   F   Y   G
BCOR 4 8 D   W   F   Y   G
LNKD 4 11 D   W   F   Y   G
HSTM 4 11 D   W   F   Y   G
MOVE 4 11 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 0.0% 68.5% 31.6%

 

Stage Transitions: Internet

Ticker From To Links
AKAM 2 3 D   W   F   Y   G
IACI 2 3 D   W   F   Y   G

 

Stage Analysis: Information Technology Services

Ticker Stage Weeks Links
IT 2 1 D   W   F   Y   G
IGTE 2 3 D   W   F   Y   G
IBM 2 5 D   W   F   Y   G
XRX 2 5 D   W   F   Y   G
CDW 2 14 D   W   F   Y   G
CBR 2 19 D   W   F   Y   G
RVBD 2 22 D   W   F   Y   G
CSC 2 44 D   W   F   Y   G
VNET 2 46 D   W   F   Y   G
FIS 2 80 D   W   F   Y   G
WIT 3 1 D   W   F   Y   G
RDWR 3 2 D   W   F   Y   G
ACN 3 4 D   W   F   Y   G
SYNT 3 4 D   W   F   Y   G
NOW 3 5 D   W   F   Y   G
ACXM 3 5 D   W   F   Y   G
UIS 3 6 D   W   F   Y   G
VRTU 3 6 D   W   F   Y   G
SYKE 3 8 D   W   F   Y   G
EPAM 4 1 D   W   F   Y   G
NCR 4 4 D   W   F   Y   G
EPIQ 4 6 D   W   F   Y   G
RAX 4 25 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 43.5% 39.2% 17.4%

 

Stage Transitions: Information Technology Services

Ticker From To Links
IT 3 2 D   W   F   Y   G
WIT 2 3 D   W   F   Y   G
EPAM 3 4 D   W   F   Y   G

 

Stage Analysis: Jewelry

Ticker Stage Weeks Links
DGSE 1 1 D   W   F   Y   G
TIF 2 1 D   W   F   Y   G
SIG 2 33 D   W   F   Y   G
ZLC 2 50 D   W   F   Y   G
NILE 4 11 D   W   F   Y   G
BGI 4 16 D   W   F   Y   G
CTHR 4 18 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
14.3% 42.9% 0.0% 42.9%

 

Stage Transitions: Jewelry

Ticker From To Links
DGSE 4 1 D   W   F   Y   G
TIF 3 2 D   W   F   Y   G

 

Stage Analysis: Lithium

Ticker Stage Weeks Links
SQM 1 10 D   W   F   Y   G
LIT 2 10 D   W   F   Y   G
WLC.TO 2 10 D   W   F   Y   G
CBAK 2 10 D   W   F   Y   G
ROC 2 34 D   W   F   Y   G
ARTX 2 50 D   W   F   Y   G
FMC 2 54 D   W   F   Y   G
GB 2 69 D   W   F   Y   G
ALTI 3 3 D   W   F   Y   G
ORL.TO 3 3 D   W   F   Y   G
LAC.TO 4 14 D   W   F   Y   G
PPO 4 25 D   W   F   Y   G
RM.V 4 165 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
7.7% 53.9% 15.4% 23.1%

 

Stage Transitions: Lithium

Ticker From To Links

 

Stage Analysis: Meat Products

Ticker Stage Weeks Links
BRFS 1 4 D   W   F   Y   G
BRID 2 9 D   W   F   Y   G
PPC 2 23 D   W   F   Y   G
TSN 2 25 D   W   F   Y   G
HRL 2 85 D   W   F   Y   G
IBA 2 96 D   W   F   Y   G
LUK 4 8 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
14.3% 71.5% 0.0% 14.3%

 

Stage Transitions: Meat Products

Ticker From To Links

 

Stage Analysis: Networking & Communication Devices

Ticker Stage Weeks Links
SMCI 2 2 D   W   F   Y   G
CSCO 2 3 D   W   F   Y   G
ARUN 2 16 D   W   F   Y   G
PANW 2 19 D   W   F   Y   G
JNPR 2 23 D   W   F   Y   G
FNSR 2 45 D   W   F   Y   G
ESYS 2 68 D   W   F   Y   G
SILC 3 2 D   W   F   Y   G
ELON 3 3 D   W   F   Y   G
CNTF 3 3 D   W   F   Y   G
LTRX 3 3 D   W   F   Y   G
EXTR 3 11 D   W   F   Y   G
GIMO 4 5 D   W   F   Y   G
BBOX 4 9 D   W   F   Y   G
DGII 4 9 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 46.7% 33.4% 20.0%

 

Stage Transitions: Networking & Communication Devices

Ticker From To Links

 

Stage Analysis: Natural Gas

Ticker Stage Weeks Links
APA 1 2 D   W   F   Y   G
OAS 2 2 D   W   F   Y   G
CHK 2 3 D   W   F   Y   G
PXD 2 11 D   W   F   Y   G
UPL 2 16 D   W   F   Y   G
SWN 2 24 D   W   F   Y   G
GTE 3 1 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
14.3% 71.5% 14.3% 0.0%

 

Stage Transitions: Natural Gas

Ticker From To Links
GTE 2 3 D   W   F   Y   G

 

Stage Analysis: Oil and Gas – Drilling & Exploration

Ticker Stage Weeks Links
NOG 1 1 D   W   F   Y   G
PWE 1 3 D   W   F   Y   G
EVEP 1 3 D   W   F   Y   G
PBR-A 1 4 D   W   F   Y   G
PBR 1 4 D   W   F   Y   G
MVO 1 5 D   W   F   Y   G
CVE 2 1 D   W   F   Y   G
PGH 2 1 D   W   F   Y   G
REXX 2 2 D   W   F   Y   G
HGT 2 2 D   W   F   Y   G
HK 2 3 D   W   F   Y   G
TAT 2 3 D   W   F   Y   G
WTI 2 5 D   W   F   Y   G
AAV 2 6 D   W   F   Y   G
BPZ 2 8 D   W   F   Y   G
WLL 2 11 D   W   F   Y   G
CXO 2 12 D   W   F   Y   G
NBR 2 17 D   W   F   Y   G
SD 2 17 D   W   F   Y   G
REI 2 17 D   W   F   Y   G
PES 2 19 D   W   F   Y   G
BBEP 2 29 D   W   F   Y   G
PTEN 2 32 D   W   F   Y   G
CRT 2 33 D   W   F   Y   G
VNR 2 34 D   W   F   Y   G
MHR 2 37 D   W   F   Y   G
UNT 2 42 D   W   F   Y   G
VET 2 43 D   W   F   Y   G
ERF 2 51 D   W   F   Y   G
HP 2 53 D   W   F   Y   G
SDLP 3 1 D   W   F   Y   G
BBG 4 2 D   W   F   Y   G
LGCY 4 5 D   W   F   Y   G
PACD 4 8 D   W   F   Y   G
ORIG 4 12 D   W   F   Y   G
SDRL 4 15 D   W   F   Y   G
RIG 4 15 D   W   F   Y   G
CEO 4 16 D   W   F   Y   G
ESV 4 16 D   W   F   Y   G
NE 4 20 D   W   F   Y   G
RDC 4 20 D   W   F   Y   G
ATW 4 20 D   W   F   Y   G
AREX 4 23 D   W   F   Y   G
HERO 4 23 D   W   F   Y   G
DO 4 36 D   W   F   Y   G
VTG 4 39 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
13.1% 52.2% 2.2% 32.7%

 

Stage Transitions: Oil and Gas – Drilling & Exploration

Ticker From To Links
NOG 4 1 D   W   F   Y   G
CVE 1 2 D   W   F   Y   G
PGH 3 2 D   W   F   Y   G
SDLP 4 3 D   W   F   Y   G

 

Stage Analysis: Oil and Gas – Equipment & Services

Ticker Stage Weeks Links
MRC 1 1 D   W   F   Y   G
HLX 1 2 D   W   F   Y   G
NR 1 2 D   W   F   Y   G
IO 1 9 D   W   F   Y   G
TESO 2 2 D   W   F   Y   G
FTI 2 3 D   W   F   Y   G
NOV 2 4 D   W   F   Y   G
DRQ 2 6 D   W   F   Y   G
FET 2 6 D   W   F   Y   G
TTI 2 7 D   W   F   Y   G
WFT 2 10 D   W   F   Y   G
SPN 2 10 D   W   F   Y   G
SYRG 2 10 D   W   F   Y   G
WG 2 10 D   W   F   Y   G
CAM 2 11 D   W   F   Y   G
PDS 2 11 D   W   F   Y   G
HAL 2 12 D   W   F   Y   G
KEG 2 12 D   W   F   Y   G
TLLP 2 13 D   W   F   Y   G
NGS 2 15 D   W   F   Y   G
GSJK 2 16 D   W   F   Y   G
EXLP 2 19 D   W   F   Y   G
EMES 2 21 D   W   F   Y   G
EXH 2 26 D   W   F   Y   G
BAS 2 27 D   W   F   Y   G
CJES 2 34 D   W   F   Y   G
CRR 2 38 D   W   F   Y   G
RES 2 42 D   W   F   Y   G
SLB 2 43 D   W   F   Y   G
NOA 2 50 D   W   F   Y   G
BHI 2 63 D   W   F   Y   G
CLB 2 66 D   W   F   Y   G
ACMP 2 93 D   W   F   Y   G
PKD 4 1 D   W   F   Y   G
CKH 4 7 D   W   F   Y   G
OIS 4 8 D   W   F   Y   G
MDR 4 9 D   W   F   Y   G
TDW 4 13 D   W   F   Y   G
OII 4 14 D   W   F   Y   G
GLF 4 14 D   W   F   Y   G
HOS 4 19 D   W   F   Y   G
EXXI 4 20 D   W   F   Y   G
CGG 4 31 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
9.4% 67.5% 0.0% 23.3%

 

Stage Transitions: Oil and Gas – Equipment & Services

Ticker From To Links
MRC 4 1 D   W   F   Y   G
PKD 3 4 D   W   F   Y   G

 

Stage Analysis: Oil & Gas – Independent

Ticker Stage Weeks Links
CIE 1 1 D   W   F   Y   G
PER 1 1 D   W   F   Y   G
APA 1 2 D   W   F   Y   G
DNR 1 3 D   W   F   Y   G
ROSE 1 3 D   W   F   Y   G
XCO 1 5 D   W   F   Y   G
PBT 1 5 D   W   F   Y   G
COG 2 1 D   W   F   Y   G
NFG 2 1 D   W   F   Y   G
KOS 2 1 D   W   F   Y   G
KWK 2 1 D   W   F   Y   G
MCEP 2 1 D   W   F   Y   G
OAS 2 2 D   W   F   Y   G
WPX 2 2 D   W   F   Y   G
EEQ 2 2 D   W   F   Y   G
TPLM 2 2 D   W   F   Y   G
CHK 2 3 D   W   F   Y   G
LPI 2 3 D   W   F   Y   G
GDP 2 3 D   W   F   Y   G
MRO 2 4 D   W   F   Y   G
GST 2 4 D   W   F   Y   G
SU 2 5 D   W   F   Y   G
APC 2 5 D   W   F   Y   G
BTE 2 5 D   W   F   Y   G
COP 2 6 D   W   F   Y   G
NFX 2 8 D   W   F   Y   G
PQ 2 8 D   W   F   Y   G
EPL 2 8 D   W   F   Y   G
NBL 2 9 D   W   F   Y   G
ATHL 2 9 D   W   F   Y   G
PDCE 2 10 D   W   F   Y   G
BCEI 2 10 D   W   F   Y   G
OXY 2 11 D   W   F   Y   G
PXD 2 11 D   W   F   Y   G
EGY 2 11 D   W   F   Y   G
EGN 2 12 D   W   F   Y   G
GPOR 2 12 D   W   F   Y   G
SGY 2 12 D   W   F   Y   G
MCF 2 12 D   W   F   Y   G
DVN 2 13 D   W   F   Y   G
ARP 2 14 D   W   F   Y   G
SN 2 15 D   W   F   Y   G
UPL 2 16 D   W   F   Y   G
RRC 2 22 D   W   F   Y   G
DKL 2 22 D   W   F   Y   G
SWN 2 24 D   W   F   Y   G
SJT 2 25 D   W   F   Y   G
QRE 2 29 D   W   F   Y   G
WRES 2 29 D   W   F   Y   G
CRK 2 30 D   W   F   Y   G
LRE 2 30 D   W   F   Y   G
PHX 2 30 D   W   F   Y   G
EPD 2 32 D   W   F   Y   G
PVA 2 34 D   W   F   Y   G
AXAS 2 40 D   W   F   Y   G
CNQ 2 42 D   W   F   Y   G
XEC 2 43 D   W   F   Y   G
CWEI 2 43 D   W   F   Y   G
MTDR 2 50 D   W   F   Y   G
CLR 2 51 D   W   F   Y   G
FANG 2 51 D   W   F   Y   G
EOG 2 52 D   W   F   Y   G
CRZO 2 58 D   W   F   Y   G
MEMP 2 68 D   W   F   Y   G
EQT 2 94 D   W   F   Y   G
GTE 3 1 D   W   F   Y   G
ISRL 3 1 D   W   F   Y   G
EPM 3 3 D   W   F   Y   G
LINE 4 1 D   W   F   Y   G
APAGF 4 5 D   W   F   Y   G
NDRO 4 5 D   W   F   Y   G
SM 4 6 D   W   F   Y   G
EOX 4 7 D   W   F   Y   G
LNCO 4 8 D   W   F   Y   G
REN 4 8 D   W   F   Y   G
TGA 4 13 D   W   F   Y   G
SFY 4 14 D   W   F   Y   G
TLM 4 16 D   W   F   Y   G
SDR 4 27 D   W   F   Y   G
ROYT 4 32 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
8.8% 72.5% 3.8% 15.0%

 

Stage Transitions: Oil & Gas – Independent

Ticker From To Links
CIE 4 1 D   W   F   Y   G
PER 4 1 D   W   F   Y   G
COG 4 2 D   W   F   Y   G
NFG 3 2 D   W   F   Y   G
KOS 1 2 D   W   F   Y   G
KWK 3 2 D   W   F   Y   G
MCEP 3 2 D   W   F   Y   G
GTE 2 3 D   W   F   Y   G
ISRL 2 3 D   W   F   Y   G
LINE 3 4 D   W   F   Y   G

 

Stage Analysis: Oil & Gas – Pipelines

Ticker Stage Weeks Links
HEP 1 1 D   W   F   Y   G
CHKR 1 1 D   W   F   Y   G
FI 1 3 D   W   F   Y   G
EEP 2 1 D   W   F   Y   G
CEQP 2 1 D   W   F   Y   G
FISH 2 1 D   W   F   Y   G
QEP 2 3 D   W   F   Y   G
TCP 2 6 D   W   F   Y   G
TRP 2 7 D   W   F   Y   G
WPT 2 8 D   W   F   Y   G
ENB 2 12 D   W   F   Y   G
PAA 2 12 D   W   F   Y   G
CQP 2 12 D   W   F   Y   G
WES 2 13 D   W   F   Y   G
OKS 2 14 D   W   F   Y   G
RGP 2 15 D   W   F   Y   G
TLP 2 17 D   W   F   Y   G
DPM 2 18 D   W   F   Y   G
SE 2 19 D   W   F   Y   G
WMB 2 20 D   W   F   Y   G
TEP 2 20 D   W   F   Y   G
NSH 2 23 D   W   F   Y   G
NS 2 24 D   W   F   Y   G
WGP 2 25 D   W   F   Y   G
BKEP 2 27 D   W   F   Y   G
BPL 2 28 D   W   F   Y   G
MPLX 2 31 D   W   F   Y   G
PBA 2 33 D   W   F   Y   G
GEL 2 33 D   W   F   Y   G
SGU 2 33 D   W   F   Y   G
USAC 2 37 D   W   F   Y   G
AMID 2 53 D   W   F   Y   G
NGLS 2 66 D   W   F   Y   G
SEP 2 69 D   W   F   Y   G
ETP 2 70 D   W   F   Y   G
LNG 2 88 D   W   F   Y   G
TRGP 2 94 D   W   F   Y   G
SXL 2 95 D   W   F   Y   G
ETE 2 96 D   W   F   Y   G
MMP 2 97 D   W   F   Y   G
OILT 2 116 D   W   F   Y   G
SEMG 2 129 D   W   F   Y   G
CMLP 3 1 D   W   F   Y   G
QEPM 3 1 D   W   F   Y   G
MMLP 3 1 D   W   F   Y   G
MWE 4 4 D   W   F   Y   G
KMR 4 10 D   W   F   Y   G
KMP 4 11 D   W   F   Y   G
ATLS 4 11 D   W   F   Y   G
KMI 4 14 D   W   F   Y   G
APL 4 20 D   W   F   Y   G
EPB 4 22 D   W   F   Y   G
BWP 4 23 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
5.7% 73.6% 5.7% 15.1%

 

Stage Transitions: Oil & Gas – Pipelines

Ticker From To Links
HEP 4 1 D   W   F   Y   G
CHKR 4 1 D   W   F   Y   G
EEP 1 2 D   W   F   Y   G
CEQP 1 2 D   W   F   Y   G
FISH 1 2 D   W   F   Y   G
CMLP 2 3 D   W   F   Y   G
QEPM 2 3 D   W   F   Y   G
MMLP 4 3 D   W   F   Y   G

 

Stage Analysis: Oil & Gas – Refining

Ticker Stage Weeks Links
CLMT 1 2 D   W   F   Y   G
REGI 1 5 D   W   F   Y   G
CVRR 1 6 D   W   F   Y   G
IOC 1 6 D   W   F   Y   G
SYNM 1 8 D   W   F   Y   G
TSO 2 2 D   W   F   Y   G
PBF 2 2 D   W   F   Y   G
ALDW 2 2 D   W   F   Y   G
AE 2 2 D   W   F   Y   G
UGP 2 3 D   W   F   Y   G
DK 2 3 D   W   F   Y   G
FGP 2 4 D   W   F   Y   G
CVI 2 5 D   W   F   Y   G
ALJ 2 8 D   W   F   Y   G
WPZ 2 9 D   W   F