In the Optionable Universe, this week we saw 19 relative strength buy signals compared to 13 last week. On the sell side, there were 8 relative strength sell signals compared to 5 last week.

Relative strength is a measure of how a stock is performing when compared to something else, in this case the S&P 500 Equal Weighted Index (SPXEWI). Each day the stock's closing price is divided by that of the SPXEWI, the resulting numbers decimal is moved two places and then plotted on a Point & Figure chart. Whenever the relative strength chart shows a double top buy signal (e.g. RS Buy or Positive Relative Strength), it suggests the stock is likely to outperform the market for the foreseeable future. Conversely, whenever the relative strength chart gives a double bottom sell signal (e.g. RS Sell or Negative Relative Strength) it suggests the stock will under-perform the market. Relative strength signals tend to last roughly 18 to 24 months on average. Consequently, changes from buy signals to sell signals (and vice versa) are important to be aware of as they are longer-term implications of a stock's likely performance versus the indices. Using the Point & Figure chart along with the relative strength chart will allow you to better ascertain risk-reward and other trade management tools, but we always want to over-weight our portfolios toward those stocks that are on RS buy signals, giving us the best chance of outperforming the broader market.

In the Optionable Universe, this week we saw 19 relative strength buy signals compared to 13 last week. On the sell side, there were 8 relative strength sell signals compared to 5 last week.

Symbol	Company	Sector	Price	RS vs Market Signal	RS vs Market Column	RS vs Peer Signal	RS vs Peer Column	Tech Attrib
BELFB	Bel Fuse Inc - CL B	Industrial Goods & Svcs	18.890	Buy	X	Buy	X	5
FIZZ	National Beverage Corporation	Food and Beverage	55.795	Buy	X	Sell	X	4
CLW	Clearwater Paper Corp.	Basic Resources	21.820	Buy	X	Sell	X	4
FQVLF	First Quantum Minerals Ltd.	Basic Resources	10.037	Buy	X	Sell	X	4
EXPR	Express, Inc.	Retail	6.150	Buy	X	Buy	X	4
LYTS	Lsi Industries Inc	Industrial Goods & Svcs	5.950	Buy	X	Buy	X	4
SKY	Skyline Champion Corp	Cyclical Goods and Services	33.860	Buy	X	Buy	X	5
SPPI	Spectrum Pharmaceuticals Inc.	Pharmaceuticals	10.350	Buy	X	Sell	X	3
STAA	Staar Surgical Company	Medical Products	37.180	Buy	X	Buy	X	5
SWKS	Skyworks Solutions, Inc.	Semiconductors	104.390	Buy	X	Sell	X	3
TLYS	Tilly's Inc	Retail	12.600	Buy	X	Sell	X	3
GTT	GTT Communications Inc.	Technology Services	12.660	Buy	X	Buy	X	4
LE	Lands' End, Inc	Retail	16.010	Buy	X	Buy	X	5
ITCI	Intra-Cellular Therapies Inc	Biotechnology	12.250	Buy	X	Sell	X	4
AUPH	Aurinia Pharmaceuticals Inc	Pharmaceuticals	17.700	Buy	X	Buy	X	5
JNCE	Jounce Therapeutics Inc	Biotechnology	8.395	Buy	X	Buy	X	4
RUBY	Rubius Therapeutics, Inc.	Pharmaceuticals	12.020	Buy	X	Sell	X	3
LTHM	Livent Corp.	Industrial Goods & Svcs	8.410	Buy	X	N/A	X	3
EXPR.TR	Express, Inc. TR	Retail	6.150	Buy	X	Buy	X	4

Symbol	Company	Sector	Price	RS vs Market Signal	RS vs Market Column	RS vs Peer Signal	RS vs Peer Column	Tech Attrib
CIEN	CIENA Corporation	Communications Technology	34.690	Sell	O	Buy	O	1
CONN	Conn's, Inc.	Retail	13.650	Sell	O	Sell	O	0
FRAN	Francesca's Holdings Corp.	Retail	12.440	Sell	O	Sell	O	0
CEQP	Crestwood Equity L.P.	Gas Utilities	31.160	Sell	O	Buy	O	3
TXT	Textron Inc.	Industrial Goods & Svcs	44.140	Sell	O	Sell	O	0
ULBI	Ultralife Batteries Inc	Noncyclical Goods and Svcs	7.640	Sell	O	Sell	O	0
GRA.TR	W.R. Grace & Co TR	Chemicals	66.142	Sell	O	Sell	O	2
TXT.TR	Textron Inc. TR	Industrial Goods & Svcs	44.157	Sell	O	Sell	O	0