Stage Analysis Report

The biggest problem one faces in the market is the need to wait to confirm the trend. The most common and costly mistake is to jump at every first inkling of a rally. In the stampede to be the first to identify a trend, many get crushed. It is the patient ones who wait out the many false  starts, who will be fit as a fiddle to make the move when the true trend starts. A lot of money has been lost in trying to be the first one to identify the trend – Brad Koteshwar

The stock market was higher last week even though many high valuation tech stocks got absolutely crushed, especially after reporting earnings.  The Dow and S&P continue to try and remain resilient even though two of the leadership sectors, tech and biotech, have been killed.  TWTR, FEYE, and even TSLA were hit hard last week as money continued to rotate out of these high flier names.  The question is, is this selling a precursor to more weakness in the general markets, or is it simply just a rotation into stocks that are cheaper?

Wall Street would like you to believe it’s just a rotation and profit taking.  However if you look at this week’s report more sectors are getting weaker than stronger.  Even though the major averages have stayed resilient there’s a lot of deterioration in different sectors underneath the surface.  So I think caution is the name of the game until the bombed out sectors start to form bases and new leadership emerges.

Commodities pulled back last week including the agricultural commodities and coffee which had been the best performers.  Precious metals continued to remain weak and the dollar actually put in a strong 3-day bounce to end the week.  That’s usually another sign of the market getting more defensive.  The precious metals markets continue to act heavy and it looks like they may continue lower especially if the dollar continues it’s bounce.

One thing that I think is worth paying attention to is whether the Russell 2000 can get back above the 50 dma.  It has now tested the 200 dma so a bounce is probably in order, however if it fails to get back above the 50 dma then I think the stock market is going to continue to be in trouble.  Especially since it’s a seasonally weak time of year for the markets if the Russell remains weak I’d look for the stock market to remain weak and money to either flow into alternative asset classes like commodities or to just flow into bonds and cash.  Or if the market remains flat foreign markets could continue to outperform on a relative basis such as Canada and Brazil.

Stage 1 Markets

Market Stage 1 Stage 2 Stage 3 Stage 4
Lumber 33.4% 33.4% 0.0% 33.4%

 

Stage 2 Markets

Market Stage 1 Stage 2 Stage 3 Stage 4
REIT – Healthcare Facilities 0.0% 100.0% 0.0% 0.0%
REIT – Hotels 0.0% 100.0% 0.0% 0.0%
REIT – Industrial 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%
REIT – Retail 3.3% 87.1% 3.3% 6.5%
Meat Products 0.0% 85.8% 0.0% 14.3%
Natural Gas 0.0% 85.8% 14.3% 0.0%
Cement 0.0% 83.4% 0.0% 16.7%
Utilities – Diversified 0.0% 82.8% 6.9% 10.4%
U.S. Markets 0.0% 80.0% 20.0% 0.0%
Water 0.0% 80.0% 20.0% 0.0%
REIT – Residential 3.2% 78.2% 9.4% 9.4%
Utilities – Gas 9.1% 77.3% 0.0% 13.7%
Dow Jones 3.4% 76.7% 16.7% 3.4%
Packaging & Containers 0.0% 75.0% 15.0% 10.0%
Trucking 0.0% 75.0% 10.0% 15.0%
REIT – Office 13.1% 74.0% 0.0% 13.1%
Oil & Gas – Pipelines 9.5% 73.6% 0.0% 17.0%
Railroads 0.0% 73.4% 6.7% 20.0%
Farm and Construction Machinery 9.1% 72.8% 9.1% 9.1%
Oil & Gas – Refining 6.5% 71.0% 6.5% 16.2%
Defense and Aerospace 0.0% 70.0% 23.4% 6.7%
REIT – Diversified 7.2% 69.1% 16.7% 7.2%
Oil & Gas – Independent 5.0% 68.8% 5.0% 21.3%
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% 11.2% 22.3%
Chemicals – Major Diversified 12.5% 66.7% 12.5% 8.4%
Treasuries and U.S. Dollar 0.0% 66.7% 0.0% 33.4%
Semiconductors – Broad Line 0.0% 65.3% 13.1% 21.8%
Commodities 17.4% 60.9% 0.0% 21.8%
Chemicals – Specialty 0.0% 60.6% 21.1% 18.5%
Agricultural Chemicals 13.4% 60.0% 0.0% 26.7%
Copper 0.0% 60.0% 0.0% 40.0%
Diversified Machinery 2.3% 60.0% 31.2% 6.7%
Farm Products 5.9% 58.9% 11.8% 23.6%
Waste Management 16.7% 58.4% 0.0% 25.0%
Foreign Currencies 0.0% 57.2% 0.0% 42.9%
Drugs 0.0% 57.2% 28.6% 14.3%
Heavy Construction 0.0% 56.3% 18.8% 25.0%
Machine Tools 0.0% 55.6% 0.0% 44.5%
Banks 0.0% 54.6% 36.4% 9.1%
Asset Managers 0.0% 53.4% 26.7% 20.0%
Oil and Gas – Drilling & Exploration 13.1% 52.2% 2.2% 32.7%
Airlines 0.0% 50.0% 50.0% 0.0%
Apparel 0.0% 50.0% 4.2% 45.9%
Beverages – Brewers 25.0% 50.0% 25.0% 0.0%
Clean Energy 0.0% 50.0% 16.7% 33.4%
Semiconductors – Integrated Circuits 0.0% 50.0% 25.0% 25.0%
Lodging 0.0% 46.2% 23.1% 30.8%
Steel & Iron 11.2% 44.5% 27.8% 16.7%
Information Technology Services 0.0% 43.5% 30.5% 26.1%
Brokers 0.0% 42.9% 28.6% 28.6%
Metal Fabrication 0.0% 42.4% 19.3% 38.5%
Drugs Other 0.0% 42.2% 15.8% 42.2%
Semiconductors – Specialized 4.6% 41.0% 22.8% 31.9%
Semiconductors – Equipment & Materials 3.3% 38.8% 35.5% 22.6%
Solar 0.0% 35.8% 35.8% 28.6%
Lithium 15.4% 30.8% 30.8% 23.1%

 

Stage 3 Markets

Market Stage 1 Stage 2 Stage 3 Stage 4
Internet 0.0% 5.3% 47.4% 47.4%
Networking & Communication Devices 0.0% 26.7% 46.7% 26.7%
General Building Materials 0.0% 33.4% 44.5% 22.3%
Biotech 3.4% 20.0% 38.4% 38.4%

 

Stage 4 Markets

Market Stage 1 Stage 2 Stage 3 Stage 4
Graphite 0.0% 7.7% 7.7% 84.7%
Short Index ETFs 16.7% 0.0% 0.0% 83.4%
Precious Metals 14.3% 14.3% 0.0% 71.5%
Canadian Precious Metals Miners 3.1% 21.3% 6.1% 69.7%
Apparel Stores 5.3% 18.5% 7.9% 68.5%
Precious Metals Miners 6.8% 23.8% 1.7% 67.8%
Homebuilders 0.0% 18.8% 18.8% 62.5%
Grocery Stores 5.9% 35.3% 0.0% 58.9%
Jewelry 0.0% 42.9% 0.0% 57.2%
3D Printing 0.0% 0.0% 42.9% 57.2%
Application Software 0.0% 19.5% 23.7% 57.0%
Data Storage 0.0% 27.3% 18.2% 54.6%
Industrial Metals And Minerals 8.8% 28.1% 8.8% 54.4%
Technical & System Software 0.0% 11.8% 35.3% 53.0%
Autos 12.5% 25.0% 12.5% 50.0%
Home Furnishings 0.0% 16.7% 33.4% 50.0%
Specialty Eateries 0.0% 25.0% 25.0% 50.0%
Coal 33.4% 22.3% 0.0% 44.5%
Paper 0.0% 21.5% 35.8% 42.9%
Business Software 0.0% 26.4% 31.6% 42.2%
Restaurants 0.0% 29.1% 32.3% 38.8%
Shipping 0.0% 34.4% 28.2% 37.5%

 

Strengthening Markets

Market 4->1 1->2 2->3 3->4
Lumber 11.2% 11.2% 0.0% 0.0%
REIT – Healthcare Facilities 0.0% 20.0% 0.0% 0.0%
Waste Management 8.4% 8.4% 0.0% 0.0%
Short Index ETFs 16.7% 0.0% 0.0% 0.0%
Meat Products 0.0% 14.3% 0.0% 0.0%
Natural Gas 0.0% 14.3% 0.0% 0.0%
REIT – Retail 0.0% 13.0% 0.0% 0.0%
Coal 11.2% 0.0% 0.0% 0.0%
Dow Jones 3.4% 6.7% 0.0% 0.0%
Utilities – Gas 4.6% 4.6% 0.0% 0.0%
Asset Managers 0.0% 6.7% 0.0% 0.0%
Grocery Stores 5.9% 0.0% 0.0% 0.0%
Oil & Gas – Pipelines 3.8% 1.9% 0.0% 3.8%
Apparel Stores 2.7% 2.7% 0.0% 2.7%
Drugs Other 0.0% 5.3% 0.0% 0.0%
REIT – Office 0.0% 4.4% 0.0% 0.0%
Defense and Aerospace 0.0% 3.4% 0.0% 0.0%

 

Weakening Markets

Market 4->1 1->2 2->3 3->4
Clean Energy 0.0% 0.0% 0.0% 33.4%
Lithium 7.7% 0.0% 23.1% 7.7%
Networking & Communication Devices 0.0% 0.0% 20.0% 6.7%
Chemicals – Specialty 0.0% 0.0% 10.6% 13.2%
Business Software 0.0% 5.3% 10.6% 10.6%
Copper 0.0% 0.0% 0.0% 20.0%
Water 0.0% 0.0% 20.0% 0.0%
Semiconductors – Equipment & Materials 3.3% 3.3% 13.0% 6.5%
Homebuilders 0.0% 0.0% 6.3% 12.5%
Data Storage 0.0% 0.0% 9.1% 9.1%
Internet 0.0% 5.3% 0.0% 15.8%
Semiconductors – Integrated Circuits 0.0% 0.0% 9.4% 6.3%
Diversified Machinery 2.3% 4.5% 15.6% 0.0%
Application Software 0.0% 0.0% 5.6% 9.8%
Lodging 0.0% 0.0% 7.7% 7.7%
Trucking 0.0% 0.0% 5.0% 10.0%
Jewelry 0.0% 0.0% 0.0% 14.3%
Precious Metals 0.0% 0.0% 0.0% 14.3%
Solar 0.0% 0.0% 14.3% 0.0%
Semiconductors – Specialized 0.0% 0.0% 4.6% 9.1%
Shipping 0.0% 0.0% 3.2% 9.4%
Beverages – Brewers 0.0% 0.0% 12.5% 0.0%
Industrial Metals And Minerals 1.8% 0.0% 5.3% 7.1%
Technical & System Software 0.0% 0.0% 5.9% 5.9%
General Building Materials 0.0% 3.8% 11.2% 0.0%
Machine Tools 0.0% 0.0% 0.0% 11.2%
Precious Metals Miners 0.0% 0.0% 0.0% 10.2%
Packaging & Containers 0.0% 5.0% 10.0% 0.0%
Oil & Gas – Refining 0.0% 3.3% 0.0% 9.7%
Restaurants 0.0% 0.0% 0.0% 9.7%
REIT – Diversified 4.8% 2.4% 9.6% 0.0%
Farm and Construction Machinery 0.0% 0.0% 9.1% 0.0%
Oil & Gas – Independent 0.0% 1.3% 2.5% 6.3%
Semiconductors – Broad Line 0.0% 0.0% 4.4% 4.4%
Commodities 0.0% 4.4% 0.0% 8.7%
Information Technology Services 0.0% 0.0% 0.0% 8.7%
Apparel 0.0% 4.2% 4.2% 4.2%
Biotech 3.4% 3.4% 1.7% 6.7%
Utilities – Diversified 0.0% 0.0% 3.5% 3.5%
Railroads 0.0% 0.0% 6.7% 0.0%
Heavy Construction 0.0% 0.0% 6.3% 0.0%
REIT – Residential 0.0% 3.2% 6.3% 0.0%
Chemicals – Major Diversified 0.0% 0.0% 4.2% 0.0%
Metal Fabrication 0.0% 0.0% 0.0% 3.9%
Auto Parts 0.0% 0.0% 0.0% 2.8%

 

Stage Analysis: U.S. Markets

Ticker Stage Weeks Links
QQQ 2 2 D   W   F   Y   G
IYT 2 73 D   W   F   Y   G
DIA 2 74 D   W   F   Y   G
SPY 2 76 D   W   F   Y   G
IWM 3 3 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

 

Stage Analysis: U.S. Sectors

Ticker Stage Weeks Links
XLP 2 11 D   W   F   Y   G
XLE 2 12 D   W   F   Y   G
XLU 2 18 D   W   F   Y   G
XLB 2 44 D   W   F   Y   G
IYZ 2 59 D   W   F   Y   G
XLK 2 69 D   W   F   Y   G
XLI 2 77 D   W   F   Y   G
XLF 2 94 D   W   F   Y   G
XLV 2 127 D   W   F   Y   G
XLY 3 5 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 2 D   W   F   Y   G
EWS 2 3 D   W   F   Y   G
EWH 2 5 D   W   F   Y   G
EWA 2 11 D   W   F   Y   G
EWC 2 13 D   W   F   Y   G
EWI 2 41 D   W   F   Y   G
EWK 2 42 D   W   F   Y   G
EWP 2 42 D   W   F   Y   G
EWD 2 43 D   W   F   Y   G
EWU 2 43 D   W   F   Y   G
EFA 2 44 D   W   F   Y   G
EWG 2 44 D   W   F   Y   G
EWQ 2 88 D   W   F   Y   G
EWN 2 89 D   W   F   Y   G
EWL 2 91 D   W   F   Y   G
EWJ 4 8 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

 

Stage Analysis: Emerging Markets

Ticker Stage Weeks Links
EWW 1 2 D   W   F   Y   G
ECH 1 4 D   W   F   Y   G
EWZ 2 2 D   W   F   Y   G
EEM 2 4 D   W   F   Y   G
IDX 2 5 D   W   F   Y   G
EWY 2 6 D   W   F   Y   G
EWM 2 6 D   W   F   Y   G
EZA 2 9 D   W   F   Y   G
EWT 2 11 D   W   F   Y   G
INDY 2 11 D   W   F   Y   G
FXI 4 15 D   W   F   Y   G
RBL 4 15 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

 

Stage Analysis: Foreign Currencies

Ticker Stage Weeks Links
FXA 2 2 D   W   F   Y   G
FXB 2 34 D   W   F   Y   G
FXF 2 39 D   W   F   Y   G
FXE 2 42 D   W   F   Y   G
FXS 4 2 D   W   F   Y   G
FXY 4 28 D   W   F   Y   G
FXC 4 29 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

 

Stage Analysis: Agricultural Chemicals

Ticker Stage Weeks Links
IPI 1 2 D   W   F   Y   G
SYT 1 4 D   W   F   Y   G
MOS 2 3 D   W   F   Y   G
YONG 2 6 D   W   F   Y   G
POT 2 7 D   W   F   Y   G
SMG 2 9 D   W   F   Y   G
UAN 2 9 D   W   F   Y   G
AGU 2 12 D   W   F   Y   G
CF 2 33 D   W   F   Y   G
MON 2 34 D   W   F   Y   G
DD 2 62 D   W   F   Y   G
MBII 4 10 D   W   F   Y   G
AVD 4 21 D   W   F   Y   G
TNH 4 34 D   W   F   Y   G
RNF 4 52 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

 

Stage Analysis: Airlines

Ticker Stage Weeks Links
LUV 2 35 D   W   F   Y   G
DAL 2 74 D   W   F   Y   G
UAL 3 3 D   W   F   Y   G
JBLU 3 3 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 2 1 D   W   F   Y   G
GIL 2 2 D   W   F   Y   G
CRI 2 10 D   W   F   Y   G
SQBG 2 10 D   W   F   Y   G
COLM 2 30 D   W   F   Y   G
SGC 2 40 D   W   F   Y   G
VFC 2 65 D   W   F   Y   G
CRWS 2 65 D   W   F   Y   G
EVK 2 73 D   W   F   Y   G
KATE 2 74 D   W   F   Y   G
GIII 2 91 D   W   F   Y   G
HBI 2 101 D   W   F   Y   G
UA 3 1 D   W   F   Y   G
OXM 4 1 D   W   F   Y   G
UNF 4 2 D   W   F   Y   G
DLA 4 3 D   W   F   Y   G
ZQK 4 4 D   W   F   Y   G
ZA 4 4 D   W   F   Y   G
JOEZ 4 5 D   W   F   Y   G
RL 4 16 D   W   F   Y   G
XNY 4 20 D   W   F   Y   G
LULU 4 26 D   W   F   Y   G
PERY 4 36 D   W   F   Y   G
APP 4 37 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 50.0% 4.2% 45.9%

 

Stage Transitions: Apparel

Ticker From To Links
PVH 1 2 D   W   F   Y   G
UA 2 3 D   W   F   Y   G
OXM 3 4 D   W   F   Y   G

 

Stage Analysis: Apparel Stores

Ticker Stage Weeks Links
BKE 1 1 D   W   F   Y   G
ANF 1 11 D   W   F   Y   G
MW 2 1 D   W   F   Y   G
CTRN 2 3 D   W   F   Y   G
ANN 2 9 D   W   F   Y   G
JWN 2 10 D   W   F   Y   G
LUX 2 14 D   W   F   Y   G
GCO 2 30 D   W   F   Y   G
JOSB 2 31 D   W   F   Y   G
BEBE 3 2 D   W   F   Y   G
GPS 3 4 D   W   F   Y   G
CHKE 3 5 D   W   F   Y   G
SSI 4 1 D   W   F   Y   G
ROST 4 2 D   W   F   Y   G
SMRT 4 2 D   W   F   Y   G
LB 4 3 D   W   F   Y   G
CATO 4 6 D   W   F   Y   G
FRAN 4 7 D   W   F   Y   G
DEST 4 7 D   W   F   Y   G
SCVL 4 8 D   W   F   Y   G
CBK 4 8 D   W   F   Y   G
WACLY 4 9 D   W   F   Y   G
CACH 4 9 D   W   F   Y   G
ASNA 4 10 D   W   F   Y   G
PLCE 4 10 D   W   F   Y   G
CHS 4 11 D   W   F   Y   G
DSW 4 12 D   W   F   Y   G
GES 4 15 D   W   F   Y   G
DXLG 4 15 D   W   F   Y   G
PSUN 4 17 D   W   F   Y   G
EXPR 4 19 D   W   F   Y   G
NWY 4 23 D   W   F   Y   G
TLYS 4 24 D   W   F   Y   G
WTSL 4 29 D   W   F   Y   G
URBN 4 33 D   W   F   Y   G
ARO 4 40 D   W   F   Y   G
BODY 4 41 D   W   F   Y   G
AEO 4 56 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
5.3% 18.5% 7.9% 68.5%

 

Stage Transitions: Apparel Stores

Ticker From To Links
BKE 4 1 D   W   F   Y   G
MW 3 2 D   W   F   Y   G
SSI 3 4 D   W   F   Y   G

 

Stage Analysis: Application Software

Ticker Stage Weeks Links
AVG 2 7 D   W   F   Y   G
NSIT 2 13 D   W   F   Y   G
CDNS 2 14 D   W   F   Y   G
AMAP 2 15 D   W   F   Y   G
VRNG 2 16 D   W   F   Y   G
ACCL 2 19 D   W   F   Y   G
DBD 2 25 D   W   F   Y   G
ORCL 2 32 D   W   F   Y   G
QADA 2 34 D   W   F   Y   G
SYNA 2 35 D   W   F   Y   G
ICGE 2 44 D   W   F   Y   G
LOGM 2 49 D   W   F   Y   G
OTEX 2 55 D   W   F   Y   G
MGIC 2 61 D   W   F   Y   G
ADBE 3 1 D   W   F   Y   G
INTU 3 1 D   W   F   Y   G
FTNT 3 1 D   W   F   Y   G
SWI 3 1 D   W   F   Y   G
MANH 3 2 D   W   F   Y   G
PFPT 3 2 D   W   F   Y   G
PLUS 3 2 D   W   F   Y   G
SAAS 3 3 D   W   F   Y   G
MSCI 3 5 D   W   F   Y   G
DWRE 3 5 D   W   F   Y   G
QLYS 3 5 D   W   F   Y   G
AGYS 3 5 D   W   F   Y   G
CRM 3 6 D   W   F   Y   G
MSTR 3 6 D   W   F   Y   G
MCRS 3 8 D   W   F   Y   G
LXFT 3 9 D   W   F   Y   G
SAP 3 14 D   W   F   Y   G
WDAY 4 1 D   W   F   Y   G
RHT 4 1 D   W   F   Y   G
DATA 4 1 D   W   F   Y   G
NUAN 4 1 D   W   F   Y   G
LOCK 4 1 D   W   F   Y   G
TYPE 4 1 D   W   F   Y   G
GUID 4 1 D   W   F   Y   G
NQ 4 2 D   W   F   Y   G
KEYW 4 2 D   W   F   Y   G
SQI 4 2 D   W   F   Y   G
SPLK 4 3 D   W   F   Y   G
MKTO 4 3 D   W   F   Y   G
SNCR 4 3 D   W   F   Y   G
CVT 4 3 D   W   F   Y   G
ECOM 4 3 D   W   F   Y   G
EOPN 4 3 D   W   F   Y   G
FEYE 4 3 D   W   F   Y   G
ELLI 4 4 D   W   F   Y   G
CSOD 4 5 D   W   F   Y   G
ADVS 4 5 D   W   F   Y   G
IMPV 4 5 D   W   F   Y   G
SPSC 4 5 D   W   F   Y   G
PRO 4 6 D   W   F   Y   G
FLTX 4 7 D   W   F   Y   G
MRIN 4 7 D   W   F   Y   G
BSFT 4 8 D   W   F   Y   G
EGOV 4 10 D   W   F   Y   G
PRGS 4 10 D   W   F   Y   G
CTRX 4 11 D   W   F   Y   G
DTSI 4 11 D   W   F   Y   G
SEAC 4 11 D   W   F   Y   G
STMP 4 12 D   W   F   Y   G
RP 4 13 D   W   F   Y   G
BCOV 4 14 D   W   F   Y   G
BIRT 4 14 D   W   F   Y   G
TXTR 4 14 D   W   F   Y   G
CPWR 4 16 D   W   F   Y   G
CVLT 4 22 D   W   F   Y   G
RALY 4 23 D   W   F   Y   G
BV 4 26 D   W   F   Y   G
JIVE 4 39 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 19.5% 23.7% 57.0%

 

Stage Transitions: Application Software

Ticker From To Links
ADBE 2 3 D   W   F   Y   G
INTU 2 3 D   W   F   Y   G
FTNT 2 3 D   W   F   Y   G
SWI 2 3 D   W   F   Y   G
WDAY 3 4 D   W   F   Y   G
RHT 3 4 D   W   F   Y   G
DATA 3 4 D   W   F   Y   G
NUAN 1 4 D   W   F   Y   G
LOCK 3 4 D   W   F   Y   G
TYPE 3 4 D   W   F   Y   G
GUID 3 4 D   W   F   Y   G

 

Stage Analysis: Asset Managers

Ticker Stage Weeks Links
BEN 2 1 D   W   F   Y   G
AMP 2 2 D   W   F   Y   G
PFG 2 2 D   W   F   Y   G
BK 2 9 D   W   F   Y   G
IVZ 2 10 D   W   F   Y   G
TROW 2 30 D   W   F   Y   G
LAZ 2 42 D   W   F   Y   G
LM 2 71 D   W   F   Y   G
BLK 3 2 D   W   F   Y   G
BX 3 2 D   W   F   Y   G
NTRS 3 3 D   W   F   Y   G
AMG 3 13 D   W   F   Y   G
STT 4 4 D   W   F   Y   G
FIG 4 4 D   W   F   Y   G
EV 4 13 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 53.4% 26.7% 20.0%

 

Stage Transitions: Asset Managers

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

 

Stage Analysis: Autos

Ticker Stage Weeks Links
F 1 3 D   W   F   Y   G
TTM 2 13 D   W   F   Y   G
TSLA 2 17 D   W   F   Y   G
KNDI 3 2 D   W   F   Y   G
NSANY 4 3 D   W   F   Y   G
GM 4 5 D   W   F   Y   G
HMC 4 13 D   W   F   Y   G
TM 4 15 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

 

Stage Analysis: Auto Parts

Ticker Stage Weeks Links
FSS 2 9 D   W   F   Y   G
SMP 2 9 D   W   F   Y   G
SUP 2 9 D   W   F   Y   G
REMY 2 11 D   W   F   Y   G
PLOW 2 11 D   W   F   Y   G
LEA 2 12 D   W   F   Y   G
DAN 2 12 D   W   F   Y   G
TRW 2 13 D   W   F   Y   G
MOD 2 13 D   W   F   Y   G
CPS 2 17 D   W   F   Y   G
MTOR 2 23 D   W   F   Y   G
DORM 2 24 D   W   F   Y   G
MNRO 2 33 D   W   F   Y   G
THRM 2 34 D   W   F   Y   G
ALSN 2 35 D   W   F   Y   G
MLR 2 45 D   W   F   Y   G
MPAA 2 53 D   W   F   Y   G
BWA 2 68 D   W   F   Y   G
TEN 2 74 D   W   F   Y   G
ALV 2 75 D   W   F   Y   G
VC 2 79 D   W   F   Y   G
STRT 2 82 D   W   F   Y   G
DLPH 2 91 D   W   F   Y   G
WBC 2 92 D   W   F   Y   G
CAAS 3 2 D   W   F   Y   G
GNTX 3 6 D   W   F   Y   G
JCI 3 8 D   W   F   Y   G
FDML 3 14 D   W   F   Y   G
QTWW 4 1 D   W   F   Y   G
AXL 4 4 D   W   F   Y   G
LKQ 4 10 D   W   F   Y   G
SRI 4 12 D   W   F   Y   G
TXIC 4 14 D   W   F   Y   G
ZX 4 24 D   W   F   Y   G
FSYS 4 27 D   W   F   Y   G
WPRT 4 39 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 66.7% 11.2% 22.3%

 

Stage Transitions: Auto Parts

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

 

Stage Analysis: Banks

Ticker Stage Weeks Links
BBT 2 25 D   W   F   Y   G
CMA 2 31 D   W   F   Y   G
USB 2 52 D   W   F   Y   G
KEY 2 71 D   W   F   Y   G
WFC 2 72 D   W   F   Y   G
STI 2 99 D   W   F   Y   G
FITB 3 2 D   W   F   Y   G
RF 3 2 D   W   F   Y   G
JPM 3 3 D   W   F   Y   G
BAC 3 3 D   W   F   Y   G
C 4 9 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

 

Stage Analysis: Beverages – Brewers

Ticker Stage Weeks Links
CCU 1 2 D   W   F   Y   G
FMX 1 4 D   W   F   Y   G
SAM 2 10 D   W   F   Y   G
BUD 2 11 D   W   F   Y   G
VCO 2 11 D   W   F   Y   G
TAP 2 44 D   W   F   Y   G
BORN 3 1 D   W   F   Y   G
BREW 3 7 D   W   F   Y   G

 

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

 

Stage Transitions: Beverages – Brewers

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

 

Stage Analysis: Biotech

Ticker Stage Weeks Links
ARNA 1 1 D   W   F   Y   G
SRPT 1 1 D   W   F   Y   G
GILD 2 1 D   W   F   Y   G
TECH 2 1 D   W   F   Y   G
MNKD 2 6 D   W   F   Y   G
ITMN 2 11 D   W   F   Y   G
AGIO 2 11 D   W   F   Y   G
QCOR 2 16 D   W   F   Y   G
ENTA 2 29 D   W   F   Y   G
CBPO 2 38 D   W   F   Y   G
EBS 2 43 D   W   F   Y   G
ALXN 2 44 D   W   F   Y   G
INSY 2 46 D   W   F   Y   G
ILMN 2 63 D   W   F   Y   G
ACOR 3 1 D   W   F   Y   G
ALNY 3 2 D   W   F   Y   G
CRL 3 2 D   W   F   Y   G
NLNK 3 3 D   W   F   Y   G
EXAS 3 3 D   W   F   Y   G
ARWR 3 3 D   W   F   Y   G
RCPT 3 3 D   W   F   Y   G
REGN 3 4 D   W   F   Y   G
JAZZ 3 4 D   W   F   Y   G
GEVA 3 4 D   W   F   Y   G
SGMO 3 4 D   W   F   Y   G
ANAC 3 4 D   W   F   Y   G
BCRX 3 4 D   W   F   Y   G
AMGN 3 5 D   W   F   Y   G
BIIB 3 5 D   W   F   Y   G
INCY 3 5 D   W   F   Y   G
DYAX 3 5 D   W   F   Y   G
OMED 3 5 D   W   F   Y   G
INSM 3 5 D   W   F   Y   G
NVAX 3 6 D   W   F   Y   G
IDIX 3 6 D   W   F   Y   G
NPSP 3 7 D   W   F   Y   G
PDLI 3 10 D   W   F   Y   G
PBYI 4 1 D   W   F   Y   G
PTLA 4 1 D   W   F   Y   G
CLVS 4 1 D   W   F   Y   G
PTCT 4 1 D   W   F   Y   G
SGEN 4 2 D   W   F   Y   G
MDVN 4 2 D   W   F   Y   G
ACAD 4 2 D   W   F   Y   G
NKTR 4 2 D   W   F   Y   G
CELG 4 4 D   W   F   Y   G
BMRN 4 4 D   W   F   Y   G
VRTX 4 5 D   W   F   Y   G
HALO 4 6 D   W   F   Y   G
ARIA 4 6 D   W   F   Y   G
XOMA 4 6 D   W   F   Y   G
THRX 4 7 D   W   F   Y   G
CLDX 4 7 D   W   F   Y   G
IMGN 4 7 D   W   F   Y   G
EXEL 4 7 D   W   F   Y   G
EPZM 4 10 D   W   F   Y   G
TSRO 4 15 D   W   F   Y   G
AEGR 4 16 D   W   F   Y   G
LXRX 4 23 D   W   F   Y   G
VVUS 4 38 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
3.4% 20.0% 38.4% 38.4%

 

Stage Transitions: Biotech

Ticker From To Links
ARNA 4 1 D   W   F   Y   G
SRPT 2 1 D   W   F   Y   G
GILD 3 2 D   W   F   Y   G
TECH 3 2 D   W   F   Y   G
ACOR 2 3 D   W   F   Y   G
PBYI 3 4 D   W   F   Y   G
PTLA 3 4 D   W   F   Y   G
CLVS 3 4 D   W   F   Y   G
PTCT 3 4 D   W   F   Y   G

 

Stage Analysis: Brokers

Ticker Stage Weeks Links
SF 2 1 D   W   F   Y   G
ITG 2 7 D   W   F   Y   G
PJC 2 35 D   W   F   Y   G
ETFC 2 69 D   W   F   Y   G
AMTD 2 71 D   W   F   Y   G
SCHW 2 75 D   W   F   Y   G
OPY 3 1 D   W   F   Y   G
RJF 3 3 D   W   F   Y   G
MS 3 5 D   W   F   Y   G
KCG 3 5 D   W   F   Y   G
CME 4 2 D   W   F   Y   G
GS 4 3 D   W   F   Y   G
GHL 4 4 D   W   F   Y   G
NMR 4 14 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 42.9% 28.6% 28.6%

 

Stage Transitions: Brokers

Ticker From To Links
SF 3 2 D   W   F   Y   G
OPY 2 3 D   W   F   Y   G

 

Stage Analysis: Business Software

Ticker Stage Weeks Links
ADP 2 1 D   W   F   Y   G
AZPN 2 1 D   W   F   Y   G
FICO 2 2 D   W   F   Y   G
EBIX 2 13 D   W   F   Y   G
FFIV 2 18 D   W   F   Y   G
FORTY 2 19 D   W   F   Y   G
NTCT 2 43 D   W   F   Y   G
MSFT 2 56 D   W   F   Y   G
SPNS 2 72 D   W   F   Y   G
DOX 2 92 D   W   F   Y   G
CTSH 3 1 D   W   F   Y   G
DST 3 1 D   W   F   Y   G
VRNT 3 1 D   W   F   Y   G
DSGX 3 1 D   W   F   Y   G
SAPE 3 3 D   W   F   Y   G
EVTC 3 4 D   W   F   Y   G
EPAY 3 5 D   W   F   Y   G
CALD 3 6 D   W   F   Y   G
JKHY 3 7 D   W   F   Y   G
SLH 3 7 D   W   F   Y   G
SSNC 3 7 D   W   F   Y   G
CSGS 3 12 D   W   F   Y   G
CA 4 1 D   W   F   Y   G
IRM 4 1 D   W   F   Y   G
ININ 4 1 D   W   F   Y   G
SABA 4 1 D   W   F   Y   G
PRFT 4 2 D   W   F   Y   G
GWRE 4 3 D   W   F   Y   G
INFA 4 4 D   W   F   Y   G
N 4 5 D   W   F   Y   G
DWCH 4 5 D   W   F   Y   G
PEGA 4 6 D   W   F   Y   G
CTXS 4 7 D   W   F   Y   G
QLIK 4 7 D   W   F   Y   G
TNGO 4 8 D   W   F   Y   G
BLKB 4 11 D   W   F   Y   G
TIBX 4 19 D   W   F   Y   G
SREV 4 23 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 26.4% 31.6% 42.2%

 

Stage Transitions: Business Software

Ticker From To Links
ADP 3 2 D   W   F   Y   G
AZPN 3 2 D   W   F   Y   G
CTSH 2 3 D   W   F   Y   G
DST 2 3 D   W   F   Y   G
VRNT 2 3 D   W   F   Y   G
DSGX 2 3 D   W   F   Y   G
CA 3 4 D   W   F   Y   G
IRM 1 4 D   W   F   Y   G
ININ 3 4 D   W   F   Y   G
SABA 3 4 D   W   F   Y   G

 

Stage Analysis: Cement

Ticker Stage Weeks Links
CX 2 21 D   W   F   Y   G
TXI 2 21 D   W   F   Y   G
JHX 2 33 D   W   F   Y   G
EXP 2 34 D   W   F   Y   G
CRH 2 41 D   W   F   Y   G
CPAC 4 44 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 83.4% 0.0% 16.7%

 

Stage Transitions: Cement

Ticker From To Links

 

Stage Analysis: Chemicals – Major Diversified

Ticker Stage Weeks Links
LNDC 1 4 D   W   F   Y   G
RTK 1 5 D   W   F   Y   G
SQM 1 11 D   W   F   Y   G
ACET 2 4 D   W   F   Y   G
BCPC 2 6 D   W   F   Y   G
LXU 2 7 D   W   F   Y   G
CE 2 8 D   W   F   Y   G
MTX 2 8 D   W   F   Y   G
PDH 2 11 D   W   F   Y   G
FF 2 12 D   W   F   Y   G
EMN 2 19 D   W   F   Y   G
REX 2 24 D   W   F   Y   G
SHLM 2 34 D   W   F   Y   G
HUN 2 35 D   W   F   Y   G
DOW 2 55 D   W   F   Y   G
FMC 2 55 D   W   F   Y   G
ASH 2 57 D   W   F   Y   G
APD 2 72 D   W   F   Y   G
PX 2 76 D   W   F   Y   G
BIOA 3 1 D   W   F   Y   G
ARSD 3 5 D   W   F   Y   G
ARG 3 14 D   W   F   Y   G
BAK 4 12 D   W   F   Y   G
VHI 4 22 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
12.5% 66.7% 12.5% 8.4%

 

Stage Transitions: Chemicals – Major Diversified

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

 

Stage Analysis: Chemicals – Specialty

Ticker Stage Weeks Links
ALB 2 6 D   W   F   Y   G
KWR 2 10 D   W   F   Y   G
IPHS 2 11 D   W   F   Y   G
FTK 2 14 D   W   F   Y   G
PEIX 2 20 D   W   F   Y   G
KRA 2 24 D   W   F   Y   G
OLN 2 26 D   W   F   Y   G
VAL 2 30 D   W   F   Y   G
SHW 2 33 D   W   F   Y   G
SNMX 2 41 D   W   F   Y   G
CYT 2 48 D   W   F   Y   G
CBT 2 51 D   W   F   Y   G
WLK 2 53 D   W   F   Y   G
NEU 2 60 D   W   F   Y   G
SXT 2 69 D   W   F   Y   G
WDFC 2 70 D   W   F   Y   G
GPRE 2 73 D   W   F   Y   G
SIAL 2 75 D   W   F   Y   G
RPM 2 76 D   W   F   Y   G
IFF 2 92 D   W   F   Y   G
LYB 2 96 D   W   F   Y   G
POL 2 97 D   W   F   Y   G
PPG 2 131 D   W   F   Y   G
MEOH 3 1 D   W   F   Y   G
ROC 3 1 D   W   F   Y   G
FOE 3 1 D   W   F   Y   G
OMN 3 1 D   W   F   Y   G
GRA 3 3 D   W   F   Y   G
AMRS 3 4 D   W   F   Y   G
TAM 3 5 D   W   F   Y   G
FUL 3 9 D   W   F   Y   G
KRO 4 1 D   W   F   Y   G
IOSP 4 1 D   W   F   Y   G
KOP 4 1 D   W   F   Y   G
HWKN 4 1 D   W   F   Y   G
ODC 4 1 D   W   F   Y   G
OMG 4 2 D   W   F   Y   G
CHMT 4 2 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 60.6% 21.1% 18.5%

 

Stage Transitions: Chemicals – Specialty

Ticker From To Links
MEOH 2 3 D   W   F   Y   G
ROC 2 3 D   W   F   Y   G
FOE 2 3 D   W   F   Y   G
OMN 2 3 D   W   F   Y   G
KRO 3 4 D   W   F   Y   G
IOSP 3 4 D   W   F   Y   G
KOP 1 4 D   W   F   Y   G
HWKN 1 4 D   W   F   Y   G
ODC 3 4 D   W   F   Y   G

 

Stage Analysis: Clean Energy

Ticker Stage Weeks Links
BLDP 2 19 D   W   F   Y   G
FCEL 2 30 D   W   F   Y   G
PLUG 2 33 D   W   F   Y   G
HYGS 3 2 D   W   F   Y   G
QTWW 4 1 D   W   F   Y   G
CPST 4 1 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 50.0% 16.7% 33.4%

 

Stage Transitions: Clean Energy

Ticker From To Links
QTWW 3 4 D   W   F   Y   G
CPST 2 4 D   W   F   Y   G

 

Stage Analysis: Coal

Ticker Stage Weeks Links
ACI 1 1 D   W   F   Y   G
BTU 1 2 D   W   F   Y   G
KOL 1 4 D   W   F   Y   G
CNX 2 34 D   W   F   Y   G
ARLP 2 68 D   W   F   Y   G
ANR 4 17 D   W   F   Y   G
NRP 4 18 D   W   F   Y   G
WLT 4 18 D   W   F   Y   G
YZC 4 20 D   W   F   Y   G

 

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

 

Stage Transitions: Coal

Ticker From To Links
ACI 2 1 D   W   F   Y   G

 

Stage Analysis: Commodities

Ticker Stage Weeks Links
JJM 1 3 D   W   F   Y   G
KOL 1 4 D   W   F   Y   G
CORN 1 10 D   W   F   Y   G
PPLT 1 12 D   W   F   Y   G
WEAT 2 1 D   W   F   Y   G
GCC 2 10 D   W   F   Y   G
OIL 2 10 D   W   F   Y   G
SOYB 2 10 D   W   F   Y   G
MOO 2 10 D   W   F   Y   G
DBA 2 11 D   W   F   Y   G
PALL 2 12 D   W   F   Y   G
JO 2 12 D   W   F   Y   G
UGA 2 12 D   W   F   Y   G
BAL 2 14 D   W   F   Y   G
COW 2 17 D   W   F   Y   G
UNG 2 21 D   W   F   Y   G
CHOC 2 39 D   W   F   Y   G
NLR 2 53 D   W   F   Y   G
GLD 4 1 D   W   F   Y   G
REMX 4 1 D   W   F   Y   G
SGG 4 2 D   W   F   Y   G
SLV 4 7 D   W   F   Y   G
JJC 4 15 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
17.4% 60.9% 0.0% 21.8%

 

Stage Transitions: Commodities

Ticker From To Links
WEAT 1 2 D   W   F   Y   G
GLD 1 4 D   W   F   Y   G
REMX 1 4 D   W   F   Y   G

 

Stage Analysis: Copper

Ticker Stage Weeks Links
FCX 2 2 D   W   F   Y   G
SCCO 2 7 D   W   F   Y   G
AZC 2 14 D   W   F   Y   G
NSU 4 1 D   W   F   Y   G
LIWA 4 11 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 60.0% 0.0% 40.0%

 

Stage Transitions: Copper

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

 

Stage Analysis: Data Storage

Ticker Stage Weeks Links
EMC 2 17 D   W   F   Y   G
SNDK 2 35 D   W   F   Y   G
WDC 2 73 D   W   F   Y   G
STX 3 1 D   W   F   Y   G
BRCD 3 2 D   W   F   Y   G
DTLK 4 1 D   W   F   Y   G
TDC 4 2 D   W   F   Y   G
FIO 4 5 D   W   F   Y   G
NTAP 4 8 D   W   F   Y   G
ELX 4 20 D   W   F   Y   G
QTM 4 37 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 27.3% 18.2% 54.6%

 

Stage Transitions: Data Storage

Ticker From To Links
STX 2 3 D   W   F   Y   G
DTLK 3 4 D   W   F   Y   G

 

Stage Analysis: Defense and Aerospace

Ticker Stage Weeks Links
BA 2 1 D   W   F   Y   G
SPR 2 2 D   W   F   Y   G
WWD 2 2 D   W   F   Y   G
MOG-A 2 3 D   W   F   Y   G
ERJ 2 11 D   W   F   Y   G
FLIR 2 18 D   W   F   Y   G
AVAV 2 40 D   W   F   Y   G
KAMN 2 44 D   W   F   Y   G
CAE 2 45 D   W   F   Y   G
LMT 2 61 D   W   F   Y   G
RTN 2 61 D   W   F   Y   G
ORB 2 70 D   W   F   Y   G
ESL 2 72 D   W   F   Y   G
GD 2 75 D   W   F   Y   G
ESLT 2 76 D   W   F   Y   G
COL 2 81 D   W   F   Y   G
ATK 2 81 D   W   F   Y   G
BEAV 2 83 D   W   F   Y   G
LLL 2 89 D   W   F   Y   G
HII 2 100 D   W   F   Y   G
TDG 2 134 D   W   F   Y   G
HEI 3 2 D   W   F   Y   G
ATRO 3 2 D   W   F   Y   G
TASR 3 2 D   W   F   Y   G
HEI-A 3 3 D   W   F   Y   G
HXL 3 5 D   W   F   Y   G
XLS 3 5 D   W   F   Y   G
RGR 3 11 D   W   F   Y   G
DGI 4 7 D   W   F   Y   G
TGI 4 14 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 70.0% 23.4% 6.7%

 

Stage Transitions: Defense and Aerospace

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

 

Stage Analysis: Diversified Machinery

Ticker Stage Weeks Links
PPO 1 1 D   W   F   Y   G
ROP 2 1 D   W   F   Y   G
DRC 2 1 D   W   F   Y   G
IR 2 2 D   W   F   Y   G
BWC 2 3 D   W   F   Y   G
GE 2 4 D   W   F   Y   G
NDSN 2 4 D   W   F   Y   G
RBC 2 4 D   W   F   Y   G
DOV 2 10 D   W   F   Y   G
CAT 2 21 D   W   F   Y   G
XYL 2 31 D   W   F   Y   G
ZBRA 2 31 D   W   F   Y   G
SPW 2 36 D   W   F   Y   G
CMI 2 43 D   W   F   Y   G
ROK 2 44 D   W   F   Y   G
HI 2 44 D   W   F   Y   G
ITT 2 68 D   W   F   Y   G
PSIX 2 68 D   W   F   Y   G
MMM 2 75 D   W   F   Y   G
CR 2 76 D   W   F   Y   G
ETN 2 87 D   W   F   Y   G
PLL 2 87 D   W   F   Y   G
AME 2 91 D   W   F   Y   G
CFX 2 91 D   W   F   Y   G
IEX 2 91 D   W   F   Y   G
HON 2 93 D   W   F   Y   G
ITW 2 93 D   W   F   Y   G
GNRC 2 97 D   W   F   Y   G
FLS 3 1 D   W   F   Y   G
MIDD 3 1 D   W   F   Y   G
LII 3 1 D   W   F   Y   G
RXN 3 1 D   W   F   Y   G
AIXG 3 1 D   W   F   Y   G
BGG 3 1 D   W   F   Y   G
LXFR 3 1 D   W   F   Y   G
ABB 3 2 D   W   F   Y   G
JBT 3 2 D   W   F   Y   G
DHR 3 5 D   W   F   Y   G
POWL 3 5 D   W   F   Y   G
GRC 3 7 D   W   F   Y   G
GGG 3 7 D   W   F   Y   G
CYD 3 10 D   W   F   Y   G
THR 4 3 D   W   F   Y   G
RAVN 4 5 D   W   F   Y   G
ATU 4 12 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
2.3% 60.0% 31.2% 6.7%

 

Stage Transitions: Diversified Machinery

Ticker From To Links
PPO 4 1 D   W   F   Y   G
ROP 3 2 D   W   F   Y   G
DRC 1 2 D   W   F   Y   G
FLS 2 3 D   W   F   Y   G
MIDD 2 3 D   W   F   Y   G
LII 2 3 D   W   F   Y   G
RXN 2 3 D   W   F   Y   G
AIXG 2 3 D   W   F   Y   G
BGG 2 3 D   W   F   Y   G
LXFR 2 3 D   W   F   Y   G

 

Stage Analysis: Dow Jones

Ticker Stage Weeks Links
VZ 1 1 D   W   F   Y   G
AXP 2 1 D   W   F   Y   G
BA 2 1 D   W   F   Y   G
KO 2 3 D   W   F   Y   G
CVX 2 4 D   W   F   Y   G
CSCO 2 4 D   W   F   Y   G
GE 2 4 D   W   F   Y   G
TRV 2 4 D   W   F   Y   G
T 2 5 D   W   F   Y   G
PG 2 5 D   W   F   Y   G
IBM 2 6 D   W   F   Y   G
WMT 2 6 D   W   F   Y   G
MCD 2 10 D   W   F   Y   G
JNJ 2 12 D   W   F   Y   G
CAT 2 21 D   W   F   Y   G
MRK 2 25 D   W   F   Y   G
XOM 2 27 D   W   F   Y   G
INTC 2 34 D   W   F   Y   G
DIS 2 35 D   W   F   Y   G
MSFT 2 56 D   W   F   Y   G
UNH 2 59 D   W   F   Y   G
DD 2 62 D   W   F   Y   G
MMM 2 75 D   W   F   Y   G
UTX 2 76 D   W   F   Y   G
JPM 3 3 D   W   F   Y   G
PFE 3 4 D   W   F   Y   G
HD 3 5 D   W   F   Y   G
V 3 5 D   W   F   Y   G
NKE 3 6 D   W   F   Y   G
GS 4 3 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
3.4% 76.7% 16.7% 3.4%

 

Stage Transitions: Dow Jones

Ticker From To Links
VZ 4 1 D   W   F   Y   G
AXP 3 2 D   W   F   Y   G
BA 3 2 D   W   F   Y   G

 

Stage Analysis: Drugs

Ticker Stage Weeks Links
ABBV 2 2 D   W   F   Y   G
GSK 2 3 D   W   F   Y   G
SNY 2 7 D   W   F   Y   G
JNJ 2 12 D   W   F   Y   G
LLY 2 17 D   W   F   Y   G
GWPH 2 23 D   W   F   Y   G
MRK 2 25 D   W   F   Y   G
HZNP 2 34 D   W   F   Y   G
IPXL 2 41 D   W   F   Y   G
AZN 2 42 D   W   F   Y   G
PCRX 2 72 D   W   F   Y   G
NVS 2 97 D   W   F   Y   G
ICPT 3 2 D   W   F   Y   G
KERX 3 3 D   W   F   Y   G
PFE 3 4 D   W   F   Y   G
BMY 3 5 D   W   F   Y   G
NBIX 3 5 D   W   F   Y   G
RMTI 3 5 D   W   F   Y   G
KYTH 4 2 D   W   F   Y   G
TXMD 4 2 D   W   F   Y   G
RPTP 4 8 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

 

Stage Analysis: Drugs Other

Ticker Stage Weeks Links
UTHR 2 1 D   W   F   Y   G
AGN 2 21 D   W   F   Y   G
TEVA 2 25 D   W   F   Y   G
RDY 2 33 D   W   F   Y   G
DEPO 2 40 D   W   F   Y   G
NVO 2 41 D   W   F   Y   G
TARO 2 45 D   W   F   Y   G
FRX 2 74 D   W   F   Y   G
LCI 3 4 D   W   F   Y   G
ENDP 3 5 D   W   F   Y   G
CBST 3 5 D   W   F   Y   G
ISIS 4 2 D   W   F   Y   G
SGYP 4 2 D   W   F   Y   G
OREX 4 4 D   W   F   Y   G
SCMP 4 4 D   W   F   Y   G
PCYC 4 5 D   W   F   Y   G
DVAX 4 7 D   W   F   Y   G
MDCO 4 11 D   W   F   Y   G
AMRN 4 31 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 42.2% 15.8% 42.2%

 

Stage Transitions: Drugs Other

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

 

Stage Analysis: Farm and Construction Machinery

Ticker Stage Weeks Links
AGCO 1 3 D   W   F   Y   G
CMCO 2 9 D   W   F   Y   G
ALG 2 10 D   W   F   Y   G
JOY 2 13 D   W   F   Y   G
LNN 2 20 D   W   F   Y   G
DE 2 22 D   W   F   Y   G
MTW 2 24 D   W   F   Y   G
ASTE 2 24 D   W   F   Y   G
GENC 2 40 D   W   F   Y   G
TEX 3 1 D   W   F   Y   G
ARTW 4 4 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
9.1% 72.8% 9.1% 9.1%

 

Stage Transitions: Farm and Construction Machinery

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

 

Stage Analysis: Farm Products

Ticker Stage Weeks Links
FDP 1 2 D   W   F   Y   G
GAGA 2 2 D   W   F   Y   G
SANW 2 2 D   W   F   Y   G
OINK 2 4 D   W   F   Y   G
CRESY 2 5 D   W   F   Y   G
CHSCP 2 6 D   W   F   Y   G
CQB 2 7 D   W   F   Y   G
AGRO 2 12 D   W   F   Y   G
CVGW 2 34 D   W   F   Y   G
ADM 2 67 D   W   F   Y   G
ANDE 2 73 D   W   F   Y   G
BG 3 2 D   W   F   Y   G
SEED 3 2 D   W   F   Y   G
PME 4 2 D   W   F   Y   G
GRO 4 5 D   W   F   Y   G
LMNR 4 12 D   W   F   Y   G
ALCO 4 29 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

 

Stage Analysis: General Building Materials

Ticker Stage Weeks Links
CBPX 0 0 D   W   F   Y   G
IBP 0 0 D   W   F   Y   G
AAON 2 1 D   W   F   Y   G
TGLS 2 8 D   W   F   Y   G
MLM 2 18 D   W   F   Y   G
HW 2 21 D   W   F   Y   G
TREX 2 30 D   W   F   Y   G
NTK 2 31 D   W   F   Y   G
VMC 2 32 D   W   F   Y   G
CSTE 2 81 D   W   F   Y   G
USCR 2 97 D   W   F   Y   G
OC 3 1 D   W   F   Y   G
DOOR 3 1 D   W   F   Y   G
NX 3 1 D   W   F   Y   G
UFPI 3 2 D   W   F   Y   G
STCK 3 2 D   W   F   Y   G
MAS 3 3 D   W   F   Y   G
USG 3 3 D   W   F   Y   G
PGTI 3 3 D   W   F   Y   G
RGSE 3 3 D   W   F   Y   G
NCS 3 7 D   W   F   Y   G
CADC 3 7 D   W   F   Y   G
APOG 3 8 D   W   F   Y   G
AWI 4 2 D   W   F   Y   G
BECN 4 3 D   W   F   Y   G
USLM 4 3 D   W   F   Y   G
GFF 4 6 D   W   F   Y   G
PGEM 4 17 D   W   F   Y   G
CCCL 4 19 D   W   F   Y   G

 

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

 

Stage Transitions: General Building Materials

Ticker From To Links
AAON 3 2 D   W   F   Y   G
OC 2 3 D   W   F   Y   G
DOOR 2 3 D   W   F   Y   G
NX 2 3 D   W   F   Y   G

 

Stage Analysis: Graphite

Ticker Stage Weeks Links
ZEN.V 2 6 D   W   F   Y   G
LLG.V 3 2 D   W   F   Y   G
FMS.V 4 2 D   W   F   Y   G
NGC.V 4 2 D   W   F   Y   G
NRT.V 4 18 D   W   F   Y   G
GPH.V 4 27 D   W   F   Y   G
CCB.V 4 28 D   W   F   Y   G
USGT 4 67 D   W   F   Y   G
GXY.V 4 87 D   W   F   Y   G
ELI.V 4 90 D   W   F   Y   G
SGH.V 4 90 D   W   F   Y   G
SRK.V 4 104 D   W   F   Y   G
RBW.V 4 108 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

 

Stage Analysis: Grocery Stores

Ticker Stage Weeks Links
IMKTA 1 1 D   W   F   Y   G
CBD 2 2 D   W   F   Y   G
SUSS 2 2 D   W   F   Y   G
SVU 2 3 D   W   F   Y   G
KR 2 11 D   W   F   Y   G
SWY 2 13 D   W   F   Y   G
DEG 2 16 D   W   F   Y   G
WMK 4 2 D   W   F   Y   G
NGVC 4 2 D   W   F   Y   G
CASY 4 3 D   W   F   Y   G
SFM 4 10 D   W   F   Y   G
RNDY 4 12 D   W   F   Y   G
WFM 4 13 D   W   F   Y   G
VLGEA 4 21 D   W   F   Y   G
FWM 4 24 D   W   F   Y   G
TFM 4 25 D   W   F   Y   G
QKLS 4 182 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
5.9% 35.3% 0.0% 58.9%

 

Stage Transitions: Grocery Stores

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

 

Stage Analysis: Heavy Construction

Ticker Stage Weeks Links
ORN 2 8 D   W   F   Y   G
AEGN 2 9 D   W   F   Y   G
DY 2 10 D   W   F   Y   G
TPC 2 11 D   W   F   Y   G
MTZ 2 19 D   W   F   Y   G
GVA 2 30 D   W   F   Y   G
MTRX 2 35 D   W   F   Y   G
AGX 2 36 D   W   F   Y   G
FWLT 2 39 D   W   F   Y   G
GLDD 3 1 D   W   F   Y   G
FLR 3 5 D   W   F   Y   G
PRIM 3 5 D   W   F   Y   G
LAYN 4 2 D   W   F   Y   G
GV 4 4 D   W   F   Y   G
STRL 4 11 D   W   F   Y   G
ICA 4 29 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 56.3% 18.8% 25.0%

 

Stage Transitions: Heavy Construction

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

 

Stage Analysis: Homebuilders

Ticker Stage Weeks Links
DHI 2 3 D   W   F   Y   G
GFA 2 5 D   W   F   Y   G
NVR 2 23 D   W   F   Y   G
LEN 3 1 D   W   F   Y   G
TOL 3 4 D   W   F   Y   G
PHM 3 5 D   W   F   Y   G
MHO 4 1 D   W   F   Y   G
BZH 4 1 D   W   F   Y   G
SPF 4 3 D   W   F   Y   G
RYL 4 3 D   W   F   Y   G
TMHC 4 3 D   W   F   Y   G
MTH 4 5 D   W   F   Y   G
KBH 4 6 D   W   F   Y   G
TPH 4 7 D   W   F   Y   G
HOV 4 8 D   W   F   Y   G
MDC 4 10 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 18.8% 18.8% 62.5%

 

Stage Transitions: Homebuilders

Ticker From To Links
LEN 2 3 D   W   F   Y   G
MHO 3 4 D   W   F   Y   G
BZH 3 4 D   W   F   Y   G

 

Stage Analysis: Home Furnishings

Ticker Stage Weeks Links
WSM 2 11 D   W   F   Y   G
RH 3 3 D   W   F   Y   G
HVT 3 5 D   W   F   Y   G
KIRK 4 5 D   W   F   Y   G
BBBY 4 15 D   W   F   Y   G
PIR 4 17 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 16.7% 33.4% 50.0%

 

Stage Transitions: Home Furnishings

Ticker From To Links

 

Stage Analysis: Industrial Metals And Minerals

Ticker Stage Weeks Links
ACI 1 1 D   W   F   Y   G
BTU 1 2 D   W   F   Y   G
PVG 1 2 D   W   F   Y   G
TGB 1 2 D   W   F   Y   G
TRQ 1 4 D   W   F   Y   G
BHP 2 7 D   W   F   Y   G
MTRN 2 10 D   W   F   Y   G
SLCA 2 11 D   W   F   Y   G
BBL 2 13 D   W   F   Y   G
PLM 2 14 D   W   F   Y   G
TAHO 2 15 D   W   F   Y   G
CMP 2 17 D   W   F   Y   G
SWC 2 19 D   W   F   Y   G
CLD 2 19 D   W   F   Y   G
TAS 2 19 D   W   F   Y   G
ACO 2 20 D   W   F   Y   G
GSM 2 33 D   W   F   Y   G
RIO 2 34 D   W   F   Y   G
CNX 2 34 D   W   F   Y   G
HCLP 2 56 D   W   F   Y   G
ARLP 2 68 D   W   F   Y   G
CCJ 3 1 D   W   F   Y   G
ZINC 3 1 D   W   F   Y   G
URZ 3 1 D   W   F   Y   G
ASM 3 4 D   W   F   Y   G
UAMY 3 8 D   W   F   Y   G
MUX 4 1 D   W   F   Y   G
URG 4 1 D   W   F   Y   G
PBM 4 1 D   W   F   Y   G
DNN 4 1 D   W   F   Y   G
TC 4 2 D   W   F   Y   G
VALE 4 3 D   W   F   Y   G
PZG 4 4 D   W   F   Y   G
MIL 4 5 D   W   F   Y   G
RIOM 4 5 D   W   F   Y   G
AXU 4 5 D   W   F   Y   G
AXX 4 6 D   W   F   Y   G
ATL 4 7 D   W   F   Y   G
CHNR 4 7 D   W   F   Y   G
HSC 4 9 D   W   F   Y   G
PLG 4 9 D   W   F   Y   G
EMXX 4 10 D   W   F   Y   G
URRE 4 12 D   W   F   Y   G
CLF 4 16 D   W   F   Y   G
ANR 4 17 D   W   F   Y   G
NRP 4 18 D   W   F   Y   G
WLT 4 18 D   W   F   Y   G
TCK 4 24 D   W   F   Y   G
REE 4 28 D   W   F   Y   G
AVL 4 29 D   W   F   Y   G
MCP 4 30 D   W   F   Y   G
UEC 4 32 D   W   F   Y   G
NCQ 4 34 D   W   F   Y   G
GMO 4 62 D   W   F   Y   G
PAL 4 64 D   W   F   Y   G
NAK 4 65 D   W   F   Y   G
SVBL 4 158 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
8.8% 28.1% 8.8% 54.4%

 

Stage Transitions: Industrial Metals And Minerals

Ticker From To Links
ACI 2 1 D   W   F   Y   G
CCJ 2 3 D   W   F   Y   G
ZINC 2 3 D   W   F   Y   G
URZ 2 3 D   W   F   Y   G
MUX 3 4 D   W   F   Y   G
URG 3 4 D   W   F   Y   G
PBM 3 4 D   W   F   Y   G
DNN 2 4 D   W   F   Y   G

 

Stage Analysis: Internet

Ticker Stage Weeks Links
TTGT 2 1 D   W   F   Y   G
AKAM 3 2 D   W   F   Y   G
IACI 3 2 D   W   F   Y   G
FB 3 3 D   W   F   Y   G
WWWW 3 3 D   W   F   Y   G
TER 3 3 D   W   F   Y   G
TRIP 3 4 D   W   F   Y   G
GOOGL 3 5 D   W   F   Y   G
YHOO 3 6 D   W   F   Y   G
BIDU 3 7 D   W   F   Y   G
YELP 4 1 D   W   F   Y   G
AWAY 4 1 D   W   F   Y   G
OPEN 4 1 D   W   F   Y   G
TZOO 4 6 D   W   F   Y   G
YNDX 4 7 D   W   F   Y   G
BCOR 4 9 D   W   F   Y   G
LNKD 4 12 D   W   F   Y   G
HSTM 4 12 D   W   F   Y   G
MOVE 4 12 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 5.3% 47.4% 47.4%

 

Stage Transitions: Internet

Ticker From To Links
TTGT 3 2 D   W   F   Y   G
YELP 3 4 D   W   F   Y   G
AWAY 3 4 D   W   F   Y   G
OPEN 3 4 D   W   F   Y   G

 

Stage Analysis: Information Technology Services

Ticker Stage Weeks Links
IT 2 2 D   W   F   Y   G
IGTE 2 4 D   W   F   Y   G
IBM 2 6 D   W   F   Y   G
XRX 2 6 D   W   F   Y   G
CDW 2 15 D   W   F   Y   G
CBR 2 20 D   W   F   Y   G
RVBD 2 23 D   W   F   Y   G
CSC 2 45 D   W   F   Y   G
VNET 2 47 D   W   F   Y   G
FIS 2 81 D   W   F   Y   G
WIT 3 2 D   W   F   Y   G
RDWR 3 3 D   W   F   Y   G
ACN 3 5 D   W   F   Y   G
SYNT 3 5 D   W   F   Y   G
NOW 3 6 D   W   F   Y   G
VRTU 3 7 D   W   F   Y   G
SYKE 3 9 D   W   F   Y   G
ACXM 4 1 D   W   F   Y   G
UIS 4 1 D   W   F   Y   G
EPAM 4 2 D   W   F   Y   G
NCR 4 5 D   W   F   Y   G
EPIQ 4 7 D   W   F   Y   G
RAX 4 26 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 43.5% 30.5% 26.1%

 

Stage Transitions: Information Technology Services

Ticker From To Links
ACXM 3 4 D   W   F   Y   G
UIS 3 4 D   W   F   Y   G

 

Stage Analysis: Jewelry

Ticker Stage Weeks Links
TIF 2 2 D   W   F   Y   G
SIG 2 34 D   W   F   Y   G
ZLC 2 51 D   W   F   Y   G
DGSE 4 1 D   W   F   Y   G
NILE 4 12 D   W   F   Y   G
BGI 4 17 D   W   F   Y   G
CTHR 4 19 D   W   F   Y   G

 

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

 

Stage Transitions: Jewelry

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

 

Stage Analysis: Lithium

Ticker Stage Weeks Links
PPO 1 1 D   W   F   Y   G
SQM 1 11 D   W   F   Y   G
WLC.TO 2 11 D   W   F   Y   G
CBAK 2 11 D   W   F   Y   G
FMC 2 55 D   W   F   Y   G
GB 2 70 D   W   F   Y   G
ROC 3 1 D   W   F   Y   G
LIT 3 1 D   W   F   Y   G
ARTX 3 1 D   W   F   Y   G
ORL.TO 3 4 D   W   F   Y   G
ALTI 4 1 D   W   F   Y   G
LAC.TO 4 15 D   W   F   Y   G
RM.V 4 166 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
15.4% 30.8% 30.8% 23.1%

 

Stage Transitions: Lithium

Ticker From To Links
PPO 4 1 D   W   F   Y   G
ROC 2 3 D   W   F   Y   G
LIT 2 3 D   W   F   Y   G
ARTX 2 3 D   W   F   Y   G
ALTI 3 4 D   W   F   Y   G

 

Stage Analysis: Lodging

Ticker Stage Weeks Links
CTRP 2 11 D   W   F   Y   G
MAR 2 35 D   W   F   Y   G
WYN 2 42 D   W   F   Y   G
IHG 2 43 D   W   F   Y   G
H 2 44 D   W   F   Y   G
HOT 2 73 D   W   F   Y   G
EXPE 3 1 D   W   F   Y   G
MHGC 3 5 D   W   F   Y   G
CHH 3 6 D   W   F   Y   G
HTHT 4 1 D   W   F   Y   G
OEH 4 3 D   W   F   Y   G
HMIN 4 7 D   W   F   Y   G
RLH 4 15 D   W   F   Y   G

 

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

 

Stage Transitions: Lodging

Ticker From To Links
EXPE 2 3 D   W   F   Y   G
HTHT 3 4 D   W   F   Y   G

 

Stage Analysis: Lumber

Ticker Stage Weeks Links
PCL 1 1 D   W   F   Y   G
RYN 1 3 D   W   F   Y   G
JCTCF 1 3 D   W   F   Y   G
WY 2 1 D   W   F   Y   G
POPE 2 16 D   W   F   Y   G
PATK 2 55 D   W   F   Y   G
BCC 4 3 D   W   F   Y   G
DEL 4 6 D   W   F   Y   G
PCH 4 14 D   W   F   Y   G

 

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

 

Stage Transitions: Lumber

Ticker From To Links
PCL 4 1 D   W   F   Y   G
WY 4 2 D   W   F   Y   G

 

Stage Analysis: Machine Tools

Ticker Stage Weeks Links
KMT 2 2 D   W   F   Y   G
SWK 2 3 D   W   F   Y   G
TKR 2 13 D   W   F   Y   G
NNBR 2 52 D   W   F   Y   G
CVR 2 86 D   W   F   Y   G
ROLL 4 1 D   W   F   Y   G
PRLB 4 5 D   W   F   Y   G
HDNG 4 9 D   W   F   Y   G
BLT 4 13 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 55.6% 0.0% 44.5%

 

Stage Transitions: Machine Tools

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

 

Stage Analysis: Meat Products

Ticker Stage Weeks Links
BRFS 2 1 D   W   F   Y   G
BRID 2 10 D   W   F   Y   G
PPC 2 24 D   W   F   Y   G
TSN 2 26 D   W   F   Y   G
HRL 2 86 D   W   F   Y   G
IBA 2 97 D   W   F   Y   G
LUK 4 9 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 85.8% 0.0% 14.3%

 

Stage Transitions: Meat Products

Ticker From To Links
BRFS 1 2 D   W   F   Y   G

 

Stage Analysis: Metal Fabrication

Ticker Stage Weeks Links
TS 2 2 D   W   F   Y   G
AZZ 2 2 D   W   F   Y   G
HAYN 2 7 D   W   F   Y   G
ATI 2 9 D   W   F   Y   G
CRS 2 9 D   W   F   Y   G
SHLO 2 11 D   W   F   Y   G
VMI 2 20 D   W   F   Y   G
CSTM 2 20 D   W   F   Y   G
ARCW 2 31 D   W   F   Y   G
SIF 2 41 D   W   F   Y   G
TOWR 2 65 D   W   F   Y   G
RS 3 2 D   W   F   Y   G
HIHO 3 2 D   W   F   Y   G
PCP 3 7 D   W   F   Y   G
WOR 3 7 D   W   F   Y   G
MLI 3 7 D   W   F   Y   G
SCHN 4 1 D   W   F   Y   G
ZEUS 4 2 D   W   F   Y   G
GHM 4 4 D   W   F   Y   G
MEA 4 4 D   W   F   Y   G
CAS 4 6 D   W   F   Y   G
BOOM 4 7 D   W   F   Y   G
BRSS 4 9 D   W   F   Y   G
RTI 4 11 D   W   F   Y   G
GIFI 4 16 D   W   F   Y   G
GTLS 4 20 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 42.4% 19.3% 38.5%

 

Stage Transitions: Metal Fabrication

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

 

Stage Analysis: Networking & Communication Devices

Ticker Stage Weeks Links
SMCI 2 3 D   W   F   Y   G
CSCO 2 4 D   W   F   Y   G
FNSR 2 46 D   W   F   Y   G
ESYS 2 69 D   W   F   Y   G
JNPR 3 1 D   W   F   Y   G
PANW 3 1 D   W   F   Y   G
ARUN 3 1 D   W   F   Y   G
SILC 3 3 D   W   F   Y   G
ELON 3 4 D   W   F   Y   G
CNTF 3 4 D   W   F   Y   G
LTRX 3 4 D   W   F   Y   G
EXTR 4 1 D   W   F   Y   G
GIMO 4 6 D   W   F   Y   G
BBOX 4 10 D   W   F   Y   G
DGII 4 10 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 26.7% 46.7% 26.7%

 

Stage Transitions: Networking & Communication Devices

Ticker From To Links
JNPR 2 3 D   W   F   Y   G
PANW 2 3 D   W   F   Y   G
ARUN 2 3 D   W   F   Y   G
EXTR 3 4 D   W   F   Y   G

 

Stage Analysis: Natural Gas

Ticker Stage Weeks Links
APA 2 1 D   W   F   Y   G
OAS 2 3 D   W   F   Y   G
CHK 2 4 D   W   F   Y   G
PXD 2 12 D   W   F   Y   G
UPL 2 17 D   W   F   Y   G
SWN 2 25 D   W   F   Y   G
GTE 3 2 D   W   F   Y   G

 

Stage 1 Stage 2 Stage 3 Stage 4
0.0% 85.8% 14.3% 0.0%

 

Stage Transitions: Natural Gas

Ticker From To Links
APA 1 2 D   W   F   Y   G

 

Stage Analysis: Oil and Gas – Drilling & Exploration

Ticker Stage Weeks Links
DO 1 1 D   W   F   Y   G
PWE 1 4 D   W   F   Y   G
EVEP 1 4 D   W   F   Y   G
PBR-A 1 5 D   W   F   Y   G
PBR 1 5 D   W   F   Y   G
MVO 1 6 D   W   F   Y   G
CVE 2 2 D   W   F   Y   G
PGH 2 2 D   W   F   Y   G
REXX 2 3 D   W   F   Y   G
HGT 2 3 D   W   F   Y   G
HK 2 4 D   W   F   Y   G
TAT 2 4 D   W   F   Y   G
WTI 2 6 D   W   F   Y   G
AAV 2 7 D   W   F   Y   G
BPZ 2 9 D   W   F   Y   G
WLL 2 12 D   W   F   Y   G
CXO 2 13 D   W   F   Y   G
NBR 2 18 D   W   F   Y   G
SD 2 18 D   W   F   Y   G
REI 2 18 D   W   F   Y   G
PES 2 20 D   W   F   Y   G
BBEP 2 30 D   W   F   Y   G
PTEN 2 33 D   W   F   Y   G
CRT 2 34 D   W   F   Y   G
VNR 2 35 D   W   F   Y   G
MHR 2 38 D   W   F   Y   G
UNT 2 43 D   W   F   Y   G
VET 2 44 D   W   F   Y   G
ERF 2 52 D   W   F   Y   G
HP 2 54 D   W   F   Y   G
SDLP 3 2 D   W   F   Y   G
NOG 4 1 D   W   F   Y   G
BBG 4 3 D   W   F   Y   G
LGCY 4 6 D   W   F   Y   G
PACD 4 9 D   W   F   Y   G
ORIG 4 13