In the Optionable Universe, this week we saw 15 relative strength buy signals compared to 26 last week. On the sell side, there were 9 relative strength sell signals compared to 24 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 15 relative strength buy signals compared to 26 last week. On the sell side, there were 9 relative strength sell signals compared to 24 last week.

Symbol	Company	Sector	Price	RS vs Market Signal	RS vs Market Column	RS vs Peer Signal	RS vs Peer Column	Tech Attrib
ARCB	ArcBest Corp.	Industrial Goods & Svcs	31.490	Buy	X	Buy	X	5
AEL	American Equity Investment Life Holding	Insurance	26.200	Buy	X	Sell	X	4
CMD	Cantel Medical Corp.	Medical Products	50.670	Buy	X	Buy	X	4
HOFT	Hooker Furniture Corporation	Cyclical Goods and Services	21.710	Buy	X	Sell	X	4
INFY	Infosys Technologies Limited (India) ADR	Technology Services	12.490	Buy	X	Sell	X	4
KTCC	Key Tronic Corp	Technology Hardware Equip	7.150	Buy	X	Buy	X	5
TREE	LendingTree Inc.	Banks	354.760	Buy	X	Buy	X	5
AAOI	Applied Optoelectronics, Inc.	Semiconductors	13.925	Buy	X	Sell	X	3
SUM	Summit Materials Inc	Construction	18.220	Buy	X	Buy	X	4
EVH	Evolent Health	Software	10.270	Buy	X	Sell	X	4
CPLG	CorePoint Lodging, Inc.	Real Estate Investment & Services	5.060	Buy	X	Buy	X	4
ALLY.TR	Ally Financial Inc. TR	Financial Services	21.914	Buy	X	Sell	X	4
SUM.TR	Summit Materials Inc TR	Construction	18.220	Buy	X	Buy	X	4
PII.TR	Polaris Inc. TR	Cyclical Goods and Services	100.133	Buy	X	Buy	X	5
CPLG.TR	CorePoint Lodging, Inc. TR	Real Estate Investment & Services	5.306	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
ESS	Essex Property Trust Inc	Equity REITs	215.720	Sell	O	Buy	O	1
DRH	Diamondrock Hospitality Company	Equity REITs	5.120	Sell	O	Buy	O	1
NNVC	NanoViricides, Inc.	Pharmaceuticals	6.960	Sell	O	Buy	O	1
SCYX	Scynexis Inc.	Pharmaceuticals	6.920	Sell	O	Sell	O	0
KEGX	KEY ENERGY SERVICES, INC.	Oil Companies Major	12.370	Sell	O	Sell	O	0
ZYME	Zymeworks Inc.	Biotechnology	30.650	Sell	O	Buy	O	1
DRH.TR	Diamondrock Hospitality Company TR	Equity REITs	5.120	Sell	O	Buy	O	1
INN.TR	Summit Hotel Properties TR	Cyclical Goods and Services	5.584	Sell	O	Sell	O	0
NKLA	Nikola Corp.	Automobiles	39.750	Sell	O	Sell	O	1