In the Optionable Universe, this week we saw 23 relative strength buy signals compared to 27 last week. On the sell side, there were 29 relative strength sell signals compared to 26 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 23 relative strength buy signals compared to 27 last week. On the sell side, there were 29 relative strength sell signals compared to 26 last week.

Symbol	Company	Sector	Price	RS vs Market Signal	RS vs Market Column	RS vs Peer Signal	RS vs Peer Column	Tech Attrib
AGYS	Agilysys, Inc.	Industrial Goods & Svcs	24.020	Buy	X	Sell	X	4
CMC	Commercial Metals Corporation	Basic Resources	22.490	Buy	X	Buy	X	5
DE	Deere & Company	Industrial Goods & Svcs	193.220	Buy	X	Buy	X	4
FDX	FedEx Corporation	Industrial Goods & Svcs	196.450	Buy	X	Buy	X	5
FIX	Comfort Systems U.S.A.	Industrial Goods & Svcs	54.300	Buy	X	Buy	X	4
FSLR	First Solar, Inc.	Semiconductors	70.190	Buy	X	Sell	X	4
MTOR	Meritor Inc	Automobiles	25.500	Buy	X	Buy	X	5
MOS	Mosaic Company	Chemicals	17.640	Buy	X	Buy	X	5
MTSC	MTS Systems Corp	Industrial Goods & Svcs	24.130	Buy	X	Sell	X	3
PCAR	PACCAR Inc.	Industrial Goods & Svcs	90.390	Buy	X	Buy	X	4
PWR	Quanta Services, Inc.	Industrial Goods & Svcs	49.860	Buy	X	Sell	X	4
OMER	Omeros Corporation	Biotechnology	15.890	Buy	O	Buy	O	3
TRMB	Trimble Inc.	Communications Technology	47.960	Buy	X	Sell	X	4
TTEC	TTEC Holdings Inc	Industrial Goods & Svcs	56.130	Buy	X	Buy	X	5
TWIN	Twin Disc, Incorporated	Automobiles	7.230	Buy	X	Sell	X	2
VLRS	Controladora Vuela Compania (Mexico) ADR	Cyclical Goods and Services	6.900	Buy	X	Sell	X	3
PFNX	Pfenex Inc.	Biotechnology	12.830	Buy	X	Buy	X	5
CNXM	CNX Midstream Partners LP		9.560	Buy	X	Buy	X	4
SPNE	SeaSpine Holdings Corp	Medical Products	13.980	Buy	X	Buy	X	5
MCRB	Seres Therapeutics Inc.	Biotechnology	20.040	Buy	X	Buy	X	5
MOS.TR	Mosaic Company TR	Chemicals	17.860	Buy	X	Buy	X	5
PWR.TR	Quanta Services, Inc. TR	Industrial Goods & Svcs	50.172	Buy	X	Sell	X	4
TRMB.TR	Trimble Inc. TR	Communications Technology	47.960	Buy	X	Sell	X	4

Symbol	Company	Sector	Price	RS vs Market Signal	RS vs Market Column	RS vs Peer Signal	RS vs Peer Column	Tech Attrib
CORT	Corcept Therapeutics Inc.	Biotechnology	13.510	Sell	O	Buy	O	2
ED	Consolidated Edison, Inc.	Electric Utilities	73.260	Sell	O	Sell	O	0
HFC	HollyFrontier Corporation	Oil Companies Secondary	26.490	Sell	O	Sell	O	0
DK	Delek US Holdings, Inc.	Oil Companies Major	15.250	Sell	O	Buy	O	1
GLUU	Glu Mobile Inc.	Software	7.410	Sell	O	Sell	O	1
ASPS	Altisource Portfolio Solutions SA (Luxembourg) ADR	Financial Services	9.000	Sell	O	Sell	O	0
GRFS	Grifols S.A. (Spain) ADR	Biotechnology	17.990	Sell	O	Sell	O	1
MYL	Mylan NV	Pharmaceuticals	16.640	Sell	O	Sell	O	1
NWN	Northwest Natural Gas Corp	Gas Utilities	54.050	Sell	O	Buy	O	1
ODP	Office Depot, Inc.	Retail	19.290	Sell	O	Sell	O	0
SKT	Tanger Factory Outlet Centers	Equity REITs	6.670	Sell	O	Sell	O	0
UFI	Unifi Inc	Cyclical Goods and Services	12.690	Sell	O	Sell	O	0
ZIXI	ZixIt Corporation	Software	5.880	Sell	O	Sell	O	1
AGIO	Agios Pharmaceuticals Inc.	Biotechnology	40.400	Sell	O	Sell	O	0
DRNA	Dicerna Pharmaceuticals Inc	Biotechnology	19.750	Sell	O	Buy	O	2
AKBA	Akebia Therapeutics, Inc	Biotechnology	10.280	Sell	O	Buy	O	2
ATNM	Actinium Pharmaceuticals Inc	Pharmaceuticals	9.660	Sell	O	Buy	O	1
XENE	Xenon Pharmaceuticals Inc	Biotechnology	11.030	Sell	O	Sell	O	0
RETA	Reata Pharmaceuticals Inc	Biotechnology	103.600	Sell	O	Sell	O	0
EVBG	Everbridge Inc	Software	120.870	Sell	O	Sell	O	0
AYX	Alteryx Inc	Software	110.740	Sell	O	Sell	O	0
APRN	Blue Apron Holdings, Inc. Class A	Noncyclical Goods and Svcs	8.340	Sell	O	Sell	O	1
FENC	Fennec Pharmaceuticals Inc.	Biotechnology	6.660	Sell	O	Sell	O	0
CRON	Cronos Group Inc	Pharmaceuticals	5.550	Sell	O	Sell	O	0
FSLY	Fastly, Inc. Class A	Technology Services	74.960	Sell	O	Sell	O	1
WORK	Slack Technologies, Inc. Class A	Technology Services	27.610	Sell	O	Sell	O	1
NEU.TR	NewMarket Corporation TR	Chemicals	379.029	Sell	O	Sell	O	0
UFI.TR	Unifi Inc TR	Cyclical Goods and Services	12.690	Sell	O	Sell	O	0
SKT.TR	Tanger Factory Outlet Centers TR	Equity REITs	7.010	Sell	O	Buy	O	1