The Dow Jones Industrials Index (DJI) $DJI today closed at $36,338.30. The Index made a new all time high, and new monthly high, on November 8th at $36,566. This week, the index attempted to take out that high. The attempt failed. The momentum has stopped this week. We’ll see if it can go to a higher monthly high, next month. See stock chat below:
| Dow Jones Industrials Index (DJI) |
PerkinElmer Inc. (PKI), in the food, medical, and cannabis lab testing equipment industry, breaks out after a 5 month sideways move. The stock is trading, on a 200 day relative strength moving average (RSMA), 10.7% above the SPDR S&P 500 ETF (SPY). The lab testing companies, such as Labcorp (LH) and Quest Diagnostics (DGX), are trading above the SPY also. We could make a snarky comment here but we’ll leave that to the snarky social message boards. (hint: don’t buy the gold miners, buy the pick and shovel stocks).
| PerkinElmer (PKI) breakout |
| PerkinElmer (PKI) RSMA vs. (SPY) |
The Gold Miners Index (GDM) $GDM today, is breaking out short term, over that reversal that occurred last week on 12-17. That high was $875.91. A positive indication would see the index close over this at the close of the week. The index continues bearish long term, for over a year, as defined by a series of lower highs, and lower lows. ..see stock chart below:
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| Gold Miners Index (GDM) |
The US Stock Market, going into the close of the year, continues to outperform most all of the global stock markets, on a relative basis. This blog does not make predictions nor forecasts. But it will be interesting to see how far into the new year this trend continues. And this has implications for the “allocators”, and why markets do what they do,.. much to the confusion of the blogosphere.
We’ll spare you a dizzying 30 page tomb of statistics, like those pithy blog posts found over on z-hedge, which would make Phds’ in Stats blush, and post one chart here, which sums it up: The S&P 500 Index ETF (SPY) relative to The SPDR Portfolio Developed World ex-US ETF (SPDW), relative strength moving average over a 200 day time frame. That has been quite a pairs trade.
Summary: The (SPY), in an Uptrend, continues outperforming The (SPDW) by over 9% over a 200 day relative strength moving (RSMA), see stock chart below:
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| The SPDR Portfolio Developed World ex-US ETF |
Short MSCI Emerging Markets (EUM) breakout over a six month sideways move. Breakout point was $13.07. See stock chart below:
| Short MSCI Emerging Markets (EUM) |
Today, The Gold Miners Index $GDM $GDX, after a short covering frenzy yesterday, slammed into overhead resistance at $869.90 (see stock chart), and failed. We’ll see if it tries a run again. Long and nibble.
| Gold Miners Index $GDM $GDX |
The Gold Miners Index $GDM $GDX sells off again
After *The Chair* speaks, gold stocks continue selling. $868 looks to be near term overhead resistance…should any meaningful bounce develop. Treasuries down, USDX down, oil and gas stocks up…today. Stock chart below:
| Gold Miners Index (GDM) |
The Gold Miners Index $GDM $GDX held near term support. Today it closed under last weeks low of $836.69, but tested and closed above that 12% November sell off low ending on 12_03 of $832. See stock chart below:
| Gold Miners Index (GDM) |
Junior Silver Miners stocks trendfollowing
The Junior Silver Miners ETF (SILJ), bear market, headed down towards a major reversal area at $11.24. We’ll see what happens at that level.
This watch list is a pure, rules based, momentum trend following strategy.The watch list is the SPDR Sector ETFs scored, ranked and sorted by trend momentum. The analysis measures trend relative strength over 4 time frames: 63 days, 126 days, 189 days, 250 days. The relative benchmark, the trend signal, is 20% annualized. The trends are indexed, with added weight on the 63 day time frame. The S&P 500 Index SPDR ETF (SPY) is added to the watch list for relative performance comparison. The top rank score of 100% is outperforming all items on the list. If nothing else, all the ETFs, with a positive trend, and, above 70% Rank should be Long. Why the 20% benchmark? The Real Rate of Return (RRR) , after taxes, inflation, and other expenses, should be a positive number. Think of the 20% as the risk free rate of return (Treasury Yields, as a “risk premium”, in a world of artificial rates and inflation, long ago, no longer apply).
| Symbol | ETF | Trend Score % | Rank |
| XLK | SPDRs Select Sector Technology ETF | 6.94 | 100% |
| XLRE | Real Estate Select Sector SPDR Fund (The) | 2.54 | 92% |
| XLY | SPDRs Select Sector Consumer Disc. ETF | 1.28 | 83% |
| SPY | SPDRs S&P 500 Trust Series ETF | 0.78 | 75% |
| XLU | SPDRs Select Sector Utilities ETF | 0.16 | 67% |
| XLP | SPDRs Select Sector Cons. Staples ETF | 0.06 | 58% |
| XLV | SPDRs Select Sector Health Care ETF | -0.14 | 50% |
| XLB | SPDRs Select Sector Materials ETF | -0.60 | 42% |
| XLE | SPDRs Select Sector Energy ETF | -0.82 | 33% |
| XLI | SPDRs Select Sector Industrial ETF | -3.04 | 25% |
| XLF | SPDRs Select Sector Financial ETF | -3.26 | 17% |
| XLC | Communication Services Sector SPDR ETF | -8.64 | 8% |
ARK ETF (ARKK) is trading 23% below below the SPDR S&P Index ETF (SPY) by 23% over a 200 day moving average. See stock chart below:
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| ARK Innovation ETF (ARKK) |
This watch list is pure momentum trendfollowing. The watch list is the SPDR Sector ETFs ranked and sorted by trend momentum. The analysis measures trend strength over 4 time frames: 63 days, 126 days, 189 days, 250 days. The trends are indexed with added weight on the 63 day time frame. The S&P 500 Index SPDR ETF (SPY) is added to the watch list for relative performance comparison. The top rank score of 100% is outperforming all items on the list. If nothing else, all the ETFs above 70% Rank should be Long.
| Symbol | Name | Rank |
| XLK | SPDRs Select Sector Technology ETF | 100% |
| XLY | SPDRs Select Sector Consumer Discretionary ETF | 92% |
| XLRE | Real Estate Select Sector SPDR Fund (The) | 83% |
| XLE | SPDRs Select Sector Energy ETF | 75% |
| SPY | SPDRs S&P 500 Trust Series ETF | 67% |
| XLB | SPDRs Select Sector Materials ETF | 58% |
| XLU | SPDRs Select Sector Utilities ETF | 50% |
| XLF | SPDRs Select Sector Financial ETF | 42% |
| XLV | SPDRs Select Sector Health Care ETF | 33% |
| XLI | SPDRs Select Sector Industrial ETF | 25% |
| XLP | SPDRs Select Sector Consumer Staples ETF | 17% |
| XLC | Communication Services Sector SPDR ETF | 8% |
(UAL) United Air gapped down and is trading 10 % lower today on mutant virus news. Looking at a 200 day relative strength moving average, United traded under The S&P 500 Index (SPX) on June 29th. See stockchart below:
| United Airlines (UAL) |
Carriage Services, Inc. (CSV), in the death care industry, over a 39 week relative strength moving average, is trading 24 % above The S&P 500 Index (SPX). see stock chart below:
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| Carriage Services, Inc. (CSV) |
The Gold Miners Index (GDM) is battling a strong reversal area (support and resistance) located at $949.70. This has been going on for well over a year. This area is filled with multiple reversals. We love the “gold bug” commentators for their enthusiasm, but they are focused on the wrong information. See stock chart below.
| Gold Miners Index (GDM) |
Best Buy (BBY) sold off today by 15%. Looking at the weekly reversals (support and resistance) chart below, the stock is now well below the over year long sideways upper trading range. The “reversion to the mean” crowd must be high fiving.
| Best Buy Co. Inc. (BBY) |
Industry: Biotechnology
Stock chart below (RSMA):
VeriSign, Inc. (VRSN) |
| Apple, Inc. (AAPL) |
Walmart (WMT), not a trend to invest in, beats in this mornings earnings report and the stock continues to under-perform the stock market. The stock began to under-perform The SPDR S&P 500 Index ETF (SPY) on the week of November 17th, 2020, one year ago. Nothing has changed today. The trend indicator shows Walmart trading under The S&P 500 Index ETF (SPY) over a 39 week moving average by 7.1 %.
After topping in August of 2020, and going bearish, The Gold ETF (GLD) has put in a base, and is beginning to move up through overhead resistance. The stock chart below shows The Gold ETF making progress, weekly:
| Gold ETF (GLD) |
| Symbol TSLA F GT FSR LKQ SMP DORM HLLY APTV GPC QS THRM GNTX DRVN ADNT VC GM LEA XPEL MNRO BWA AXL BLNK LAZR DAN TEN GOEV MPAA PRTS STRT FUV CPS SRI SUP FFIE XL AYRO RMO RIDE | Stock Tesla Inc Ford Motor Co Goodyear Tire&Rubber Co Fisker LKQ Corp Standard Motor Products Inc Dorman Products Inc Holley Inc Aptiv Genuine Parts Co QuantumScape Gentherm Inc. Gentex Corp Driven Brands Holdings Inc Adient Plc Visteon Corp General Motors Company Lear Corporation Xpel Inc Monro Inc Borg Warner Inc American Axle & Manufact Blink Charging Co Luminar Technologies Inc Dana Incorporated Tenneco Inc Canoo Inc Motorcar Parts of America` Inc. CarParts.com Inc Strattec Security Cp Arcimoto Inc Cooper-Standard Holdings Stoneridge Inc Superior Industries International Inc Faraday Future Intelligent Electric Inc XL Fleet Corp AYRO Inc Romeo Power Inc Lordstown Motors Corp | % Diff 31.2 30.9 18.4 9.4 8.3 7.9 3.4 2.7 2.3 -0.1 -0.9 -1.3 -2.6 -2.8 -4.6 -4.9 -5.8 -6.8 -7.1 -8.3 -10.6 -11.7 -12 -13.7 -14 -17.3 -18.4 -18.7 -18.7 -19 -22.3 -27.5 -30.6 -34.6 -37.5 -40.9 -44.5 -48.9 -50.7 |
The North Shore Global Uranium Mining ETF (URNM) is outperforming, on a relative strength basis, the following ETFs, over a 39 week relative strength moving average:
•The SPDR S&P 500 ETF (SPY)
•The SPDR S&P Metals & Mining ETF (XME)
•The Global X Uranium ETF (URA)
After a rally of 93%, with a low on August 19th, and a high on September 15th, the Uranium Mining ETF (URNM) has triple topped, and now appears to be attempting a breakout…The breakout high is $98.48 …see stock chart below:
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| North Shore Global Uranium Mining ETF (URNM) |
The Russell 2000 Index ETF( IWM) has broken out and followed through, over a long term consolidation. The word ‘consolidation’ is code for underperformance. Underperformance relative to other indexes.
On a Relative Strength basis, the ETF is well below the 200 day relative strength moving average vs. The S&P 500 Index (SPX). The 21 and 50 day relative strength moving averages are above the S&P. So this may indicate a potential trend that may outperform The S&P long term. Look to see this relationship continue, and then begin to outperform on the 200 day.
The 21 day 50 day relative strength stock chart below:
| Russell 2000 Index ETF( IWM) |
Avis Budget Group Inc. (CAR) is the latest short squeeze in the on going short squeeze movie. Using our regular trendfollowing indicator, a 200 day relative strength moving average vs. The S&P 500 Index (SPX), Avis is trading 256% over the indicator. Stock chart below:
| Avis Budget Group Inc. (CAR) |
Tesla Inc. (TSLA) is trading 53% above The S&P Index (SPX) over a 200 day moving average. Stock chart below:
| Tesla Inc. (TSLA) |
Ferrari N.V. (RACE), the iconic sports car manufacturer, turned EV (electric vehicle) manufacturer, is breaking out, at an all time high, and trading above The S&P 500 Index (SPX) on a 39 week relative strength moving average. Stock chart below:
| Ferrari NV (RACE) |
After a selloff in September and into October the Healthcare SPDR ETF (XLV) is regaining relative strength vs.The S&P 500 Index. For people with a trend investing SPDR Sector and Industry Portfolio, this one belongs in it.
Three Health Sector stocks gaining relative strength vs. The S&P 500 Index, over a 39 week moving average, stock charts below:
Today NIO Inc. (NIO) stock rallies on earnings, as it has been trading significantly below The SPDR ETF (SPY) on a relative strength comparison. The downward trend signal cross from above to below occurred on the week of July 9th. See stock chart bellow:
| NIO (NIO) relative to SPDR (SPY) |
Food company (ADM) after a sideways move for a few months, is now rallying and breaking out over the S&P 500 (SPX) on a 200 day relative strength moving average… as indicated by the stock chart below.
| Archer Daniels Midland (ADM) |
This watchlist of nine US listed pipeline stocks shows their relative outperformance compared to The SPDR S&P 500 Index ETF (SPY). The indicator is a 200 day relative strength moving (RSMA). Typically, a Buy signal is generated when the price crosses from below to above. The % difference is indicated. So that would put Kinder Morgan Inc. (KMI), with a 5.85% yield, as the most recent Buy Signal – see stock chart.
Kinder Morgan Inc. (KMI) relative strength chart:
Performance list:
| Symbol | Company | % Diff |
| TRGP | Targa Resources Corp | 35.7 |
| ALTM | Altus Midstream Company | 34.9 |
| LNG | Cheniere Energy Inc | 28.9 |
| ETRN | Equitrans Midstream | 24.5 |
| OKE | Oneok Inc | 17.6 |
| AM | Antero Midstream Corporation | 12.6 |
| WMB | Williams Companies Inc | 10.1 |
| NEXT | NextDecade Corporation | 6 |
| KMI | Kinder Morgan Inc | 2.5 |
Several Midstream Oil Operations stocks are outperforming the S&P 500 Index ETF (SPY) and several Energy ETFs. In this article we rank a list of the 64 Midstream stocks combined with the these ETFs. We using a 39 week relative strength moving average vs.an annualized rate of growth of 20%. A buy signal typically is generated when the stock crosses from below to above the 39 week relative strength moving average. The ETFs are highlighted in yellow for comparison.
Here is the list:
| Symbol | Company, ETF | % Diff |
| ENLC | EnLink Midstream LLC | 44.9 |
| FLNG | FLEX LNG Ltd | 38.5 |
| TRGP | Targa Resources Corp | 32.2 |
| SMLP | Summit Midstream Partners LP | 25.4 |
| ETRN | Equitrans Midstream | 23.6 |
| VNOM | Viper Energy Partners LP | 22.6 |
| LNG | Cheniere Energy Inc | 22.3 |
| GLOP | GasLog Partners LP | 20.6 |
| MMLP | Martin Midstream Partners Lp | 18.8 |
| GEL | Genesis Energy (L.P.) | 18.4 |
| DCP | DCP Midstream LP | 18.2 |
| USO | United States Oil Fund LP | 17.1 |
| XOP | SPDR S&P Oil &Gas Expl & Prod ETF | 16.6 |
| OKE | Oneok Inc | 16.1 |
| DKL | Delek Logistics Partners LP | 11.9 |
| WES | Western Midstream Partners LP | 11.2 |
| WMB | Williams Companies Inc | 10.6 |
| RTLR | Rattler Midstream Partners LP | 9.9 |
| AM | Antero Midstream Corporation | 9.6 |
| TGP | Teekay LNG Partners LP | 8.9 |
| GPP | Green Plains Partners LP | 8.1 |
| EURN | Euronav NV Antwerpen | 7.4 |
| PSXP | Phillips 66 Partners LP | 7.3 |
| GLNG | Golar Lng Limited | 7.1 |
| XLE | SPDRs Select Sector Energy ETF | 6.7 |
| FRO | Frontline Ltd Adr | 6.3 |
| MPLX | MPLX LP | 5.6 |
| OMP | Oasis Midstream Partners LP | 5.6 |
| PAGP | Plains GP Holdings | 5.6 |
| HESM | Hess Midstream Partners LP | 5 |
| PBA | Pembina Pipeline Corporation | 4.9 |
| ENBL | Enable Midstream Partners LP | 4.4 |
| ENB | Enbridge Inc | 4.2 |
| CEQP | Crestwood Equity Partners LP | 4.1 |
| TGS | Transportadora Gas Del | 4 |
| ET | Energy Transfer Equity LP | 3.6 |
| PAA | Plains All Amer Pipeline | 3.4 |
| TRP | Transcanada Pipelines | 2.3 |
| KMI | Kinder Morgan Inc | 2 |
| DHT | DHT Maritime Incorporated | 1.5 |
| BKEP | Blueknight Energy Partners | 1.3 |
| PBFX | PBF Logistics LP | 0.9 |
| SPY | SPDRs S&P 500 Trust Series ETF | -1.1 |
| HEP | Holly Energy Partners LP | -1.2 |
| EPD | Enterprise Products Part | -1.7 |
| BPMP | BP Midstream Partners LP | -2.3 |
| CQP | Cheniere Energy Partners LP | -2.3 |
| SNMP | Evolve Transition Infrastructure LP | -3.6 |
| TNP | Tsakos Energy Navigation | -3.6 |
| MMP | Magellan Midstreams Partners LP | -4.2 |
| DLNG | Dynagas LNG Partners LP | -4.6 |
| TNK | Teekay Tankers Ltd | -5.9 |
| GLP | Global Partners LP | -6 |
| SGU | Star Group L P | -6.3 |
| NNA | Navios Maritime Acquisition Corp | -6.4 |
| LTM | LATAM Airlines Group SA | -6.7 |
| NS | Nustar Energy LP | -10.1 |
| BROG | Brooge Energy Limited | -11.5 |
| STNG | Scorpio Tankers Inc | -12 |
| LPG | Dorian LPG Ltd | -12.8 |
| ASC | Ardmore Shipping Corporation | -13.1 |
| GASS | StealthGas Inc | -13.1 |
| TRMD | TORM plc | -15.2 |
| SHLX | Shell Midstream Partners LP | -15.5 |
| OSG | Overseas Shipholding Group Inc | -18.2 |
| NVGS | Navigator Holdings | -18.9 |
| USWS | U S Well Services Inc | -28.9 |
| HMLP | Hoegh LNG Partners LP | -61.4 |
The food and agriculture stocks watch-list is composed of approximately 56 US Listed stocks. To find the best trending food stocks to buy now, we're using a 39 week relative strength moving average (RSMA). The relative strength benchmark is an annualized fixed rate of return of 20%. The list includes The SPDR S&P 500 Index ETF (SPY) for comparison, highlighted in yellow. The stock list is sorted by the best performing at the top. Stock buy signals are generated when the stock crosses from below to above the RSMA signal line. This is pure trend investing, or, trendfollowing
Food stock, Archer Daniels Midland (ADM), today, crossed from below to above the signal line, indicating a buy.
| Symbol | Company | % Diff |
| PPC | Pilgrim's Pride Corp | 12.7 |
| TWNK | Hostess Brands Inc | 10.6 |
| ANDE | Andersons Inc (The) | 4.4 |
| SEB | Seaboard Corp | 4.1 |
| FDP | Fresh Del Monte Produce | 3 |
| HSY | The Hershey Company | 0.5 |
| BG | Bunge Ltd | 0.2 |
| INGR | Ingredion Incorporated | 0.2 |
| ADM | Archer Daniels Midland | 0.1 |
| HAIN | The Hain Celestial Group Inc | -0.2 |
| ALCO | Alico Inc | -0.4 |
| SMPL | The Simply Good Foods Co | -0.6 |
| SENEA | Seneca Foods Corp Cl A | -0.7 |
| TSN | Tyson Foods Inc | -1.3 |
| FLO | Flowers Foods Inc | -1.9 |
| SPY | SPDRs S&P 500 ETF | -2.1 |
| GIS | General Mills Inc | -3.6 |
| DAR | Darling Ingredients Inc | -3.7 |
| USFD | US Foods Holding Corp | -3.9 |
| USNA | Usana Health Science Inc | -6 |
| K | Kellogg Co | -6.6 |
| BRBR | BellRing Brands Inc | -7 |
| MDLZ | Mondelez International Inc | -7.6 |
| POST | Post Holdings Inc-WI | -8.9 |
| SJM | Jm Smucker | -9.8 |
| TR | Tootsie Roll Industries Inc | -10.2 |
| KHC | The Kraft Heinz Company | -10.6 |
| BGS | B&G Foods Inc. | -10.7 |
| CTVA | Corteva Inc | -10.8 |
| JJSF | J&J Snack Foods Corp | -11.5 |
| AVO | Mission Produce Inc | -11.7 |
| CAG | Conagra Brands Inc | -11.7 |
| JBSS | John B Sanfilippo & Son Inc | -12.1 |
| LANC | Lancaster Colony Corp | -12.2 |
| CALM | Cal-Maine Foods Inc | -13.3 |
| LMNR | Limoneira Co | -14.4 |
| FREE | Whole Earth Brands Inc | -15.2 |
| CPB | Campbell Soup Co | -15.4 |
| HRL | Hormel Foods Corp | -15.9 |
| TTCF | Tattooed Chef Inc | -16.3 |
| MKC | McCormick & Co Inc | -16.4 |
| HLF | Herbalife | -18.1 |
| THS | TreeHouse Foods Inc | -19 |
| LNDC | Landec Corporation | -20 |
| FRPT | Freshpet Inc | -20.2 |
| NATR | Natures Sunshine Products | -21.1 |
| VITL | Vital Farms Inc | -24.8 |
| MED | Medifast Inc | -28.1 |
| BYND | Beyond Meat Inc | -28.4 |
| LW | Lamb Weston Holdings Inc | -31.2 |
| UTZ | Utz Brands Inc | -37.4 |
| HYFM | Hydrofarm Holdings Group Inc | -40 |
| AQB | AquaBounty Technologies` Inc | -43.1 |
| CVGW | Calavo Growers Inc | -48 |
| GRWG | Growgeneration Corp | -48.5 |
| LSF | Laird Superfood Inc | -49.6 |
| APPH | AppHarvest Inc | -70.1 |
The Trend Score is calculated by averaging annualized growth rates over four time periods and weighting them. A Buy/long signal is shown by a positive score, while a Sell/short signal is indicated by a negative score. Trend Model explanation: Trend following system
| Broad Market Indexes ETFs | Symbol | Trend Score |
| S&P 500 ETF | SPY | -2.16 |
| Invesco NASDAQ 100 ETF | QQQ | -2.46 |
| iShares Russell 2000 ETF | IWM | -4.02 |
| Sector ETFs | Symbol | Trend Score |
| Energy Select Sector | XLE | 9.52 |
| Financial Select Sector | XLF | 2.46 |
| Technology Select Sector | XLK | -1.78 |
| Consumer Discretionary Select Sector | XLY | -1.88 |
| Communication Services Select Sector | XLC | -3.06 |
| Real Estate Select Sector | XLRE | -3.90 |
| Industrial Select Sector | XLI | -4.32 |
| Health Care Select Sector | XLV | -4.94 |
| Consumer Staples Select Sector | XLP | -4.96 |
| Materials Select Sector | XLB | -5.54 |
| Utilities Select Sector | XLU | -6.44 |
| Industry ETFs | Symbol | Trend Score |
| SPDR S&P Oil & Gas Exploration & Prod. | XOP | 22.76 |
| SPDR S&P Capital Markets | KCE | 5.68 |
| SPDR S&P Regional Banking | KRE | 4.28 |
| SPDR S&P Oil & Gas Equipment & Serv. | XES | 4.14 |
| SPDR S&P Bank | KBE | 3.32 |
| SPDR S&P Semiconductor | XSD | 0.64 |
| SPDR S&P Insurance | KIE | -0.34 |
| SPDR S&P Transportation | XTN | -0.48 |
| SPDR S&P Software & Services | XSW | -1.22 |
| SPDR S&P Metals & Mining | XME | -1.30 |
| SPDR S&P Retail | XRT | -2.14 |
| SPDR S&P Homebuilders | XHB | -3.46 |
| SPDR S&P Health Care Equipment | XHE | -6.02 |
| SPDR S&P Aerospace & Defense | XAR | -6.66 |
| SPDR S&P Telecom | XTL | -6.98 |
| SPDR S&P Internet | XWEB | -9.62 |
| SPDR S&P Health Care Services | XHS | -10.56 |
| SPDR S&P Pharmaceuticals | XPH | -13.48 |
| SPDR S&P Biotech | XBI | -14.72 |
| Commodity ETFs | Symbol | Trend Score |
| Natural Gas | UNG | 35.60 |
| Cotton | BAL | 15.78 |
| Crude Oil | USO | 13.94 |
| Coffee | JO | 12.94 |
| Sugar | CANE | 7.30 |
| Wheat | WEAT | 0.62 |
| Corn | CORN | -1.84 |
| Copper | CPER | -4.02 |
| Livestock | COW | -4.38 |
| Soybean | SOYB | -6.60 |
| Gold | GLD | -7.10 |
| Platinum | PPLT | -8.00 |
| Silver | SLV | -13.30 |