In the Optionable Universe, this week we saw 38 relative strength buy signals compared to 51 last week. On the sell side, there were 10 relative strength sell signals compared to 12 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 38 relative strength buy signals compared to 51 last week. On the sell side, there were 10 relative strength sell signals compared to 12 last week.

Symbol	Company	Sector	Price	RS vs Market Signal	RS vs Market Column	RS vs Peer Signal	RS vs Peer Column	Tech Attrib
ATLC	Atlanticus Holdings Corp	Financial Services	21.370	Buy	X	Buy	X	5
CIB	Bancolombia S.A. (Colombia) ADR	Banks	40.660	Buy	X	Sell	X	3
DENN	Denny's Corporation	Cyclical Goods and Services	14.120	Buy	X	Sell	X	3
EGHT	8*8, Inc.	Technology Services	31.000	Buy	X	Sell	X	4
BIDU	Baidu, Inc. (China) ADR	Technology Services	185.500	Buy	X	Sell	X	4
CATM	Cardtronics PLC	Financial Services	35.770	Buy	X	Sell	X	4
VERU	Veru Inc.	Medical Products	9.330	Buy	X	Buy	X	5
IGT	International Game Technology	Cyclical Goods and Services	15.260	Buy	X	Sell	X	4
IMGN	Immunogen Inc	Biotechnology	7.440	Buy	X	Buy	X	5
JOE	the St Joe Company	Real Estate Investment & Services	38.690	Buy	X	Buy	X	5
LPL	LG Display Co., Ltd. (Korea) ADR	Industrial Goods & Svcs	8.320	Buy	X	Sell	X	2
NBR	Nabors Industries, Inc.	Oil Drilling, Equipment Svcs	70.580	Buy	X	Buy	X	5
PSMT	PriceSmart, Inc.	Retail	91.480	Buy	X	Sell	X	3
LPI	Laredo Petroleum Inc.	Oil Companies Major	19.510	Buy	X	Buy	X	5
MTDR	Matador Resources Company	Oil Companies Secondary	12.440	Buy	X	Buy	X	5
SF	Stifel Financial Corp	Financial Services	77.400	Buy	X	Buy	X	5
SGMO	Sangamo Therapeutics Inc.	Biotechnology	12.980	Buy	O	Buy	O	3
WBS	Webster Financial Corporation	Banks	43.010	Buy	X	Sell	X	4
CBIO	Catalyst Biosciences Inc.	Biotechnology	7.230	Buy	X	Sell	X	3
WD	Walker & Dunlop, Inc.	Real Estate Investment & Services	90.730	Buy	X	Buy	X	5
UAN	CVR L.P.	Chemicals	14.230	Buy	X	Buy	X	4
SCM	Stellus Capital Investment Corp	Financial Services	11.020	Buy	X	Buy	X	5
VUZI	Vuzix Corporation	Communications Technology	5.740	Buy	X	Sell	X	4
BRG	Bluerock Residential Growth REIT, Inc.	Equity REITs	11.060	Buy	X	Buy	X	5
SCYX	Scynexis Inc.	Pharmaceuticals	7.400	Buy	X	Buy	X	5
FLOW	SPX FLOW INC	Industrial Goods & Svcs	59.730	Buy	X	Sell	X	4
EDIT	Editas Medicine Inc	Biotechnology	64.930	Buy	X	Buy	X	5
TRTN	Triton International Ltd/Bermuda	Industrial Goods & Svcs	48.880	Buy	X	Sell	X	4
PUMP	ProPetro Holding Corp	Oil Companies Major	8.100	Buy	X	Buy	X	5
BKR	Baker Hughes Company	Oil Companies Secondary	22.010	Buy	X	Buy	X	5
CEIX	CONSOL Energy Inc.	Coal	7.100	Buy	X	Buy	X	4
SMAR	Smartsheet, Inc. Class A	Software	71.140	Buy	X	Sell	X	4
LEVI	Levi Strauss & Co. Class A	Cyclical Goods and Services	20.820	Buy	X	Sell	X	4
EWBC.TR	East West Bancorp, Inc. TR	Banks	52.285	Buy	X	Sell	X	4
IMGN.TR	Immunogen Inc TR	Biotechnology	7.440	Buy	X	Buy	X	5
COF.TR	Capital One Financial Corporation TR	Financial Services	94.309	Buy	X	Sell	X	4
DXC.TR	DXC Technology Co TR	Technology Hardware Equip	24.185	Buy	X	Sell	X	3
JOE.TR	the St Joe Company TR	Real Estate Investment & Services	38.779	Buy	X	Buy	X	5

Symbol	Company	Sector	Price	RS vs Market Signal	RS vs Market Column	RS vs Peer Signal	RS vs Peer Column	Tech Attrib
CALM	Cal-Maine Foods, Inc.	Food and Beverage	37.450	Sell	O	Sell	O	0
GPRE	Green Plains Inc.	Chemicals	13.810	Sell	O	Buy	O	2
K	Kellogg Company	Food and Beverage	61.240	Sell	O	Sell	O	0
NOC	Northrop Grumman Systems Corporation	Industrial Goods & Svcs	298.510	Sell	O	Buy	O	1
CONE	CyrusOne Inc	Equity REITs	68.110	Sell	O	Sell	O	0
RDHL	REDHILL BIOPHARMA LTD	Pharmaceuticals	8.890	Sell	O	Buy	O	2
BZUN	Baozun Inc	Technology Services	34.560	Sell	O	Sell	O	0
BJ	BJ's Wholesale Club Holdings Inc	Retail	37.110	Sell	O	Sell	O	1
GPRE.TR	Green Plains Inc. TR	Chemicals	13.810	Sell	O	Buy	O	2
WPC.TR	W.P. Carey & Co. LLC TR	Equity REITs	76.330	Sell	O	Buy	O	2