Weekly Relative Strength Changes

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 18 relative strength buy signals compared to 33 last week. On the sell side, there were 10 relative strength sell signals compared to 10 last week.

Symbol	Company	Sector	Price	RS vs Market Signal	RS vs Market Column	RS vs Peer Signal	RS vs Peer Column	Tech Attrib
COF	Capital One Financial Corporation	Financial Services	96.180	Buy	X	Sell	X	4
HWC	Hancock Whitney Corp	Banks	33.500	Buy	X	Buy	X	5
FLY	Babcock & Brown Air Limited	Industrial Goods & Svcs	9.670	Buy	X	Sell	X	3
ERII	Energy Recovery Incorporation.	Industrial Goods & Svcs	13.110	Buy	X	Sell	X	4
GRPN	Groupon Inc.	Retail	38.340	Buy	X	Sell	X	4
MTRX	Matrix Service Company	Oil Drilling, Equipment Svcs	11.130	Buy	X	Sell	X	3
MYE	Myers Industries Inc	Industrial Goods & Svcs	19.880	Buy	X	Sell	X	4
PDCE	PDC Energy Inc	Oil Drilling, Equipment Svcs	20.200	Buy	X	Buy	X	5
EYPT	EyePoint Pharmaceuticals Inc.	Pharmaceuticals	5.410	Buy	X	Sell	X	3
UIS	Unisys Corp	Technology Services	19.530	Buy	X	Sell	X	4
WBAI	500.com Limited	Cyclical Goods and Services	5.740	Buy	X	Buy	X	5
ATUS	Altice USA, Inc. Class A	Media	37.900	Buy	X	Buy	X	4
SMPL	Simply Good Foods Co	Noncyclical Goods and Svcs	29.750	Buy	X	Sell	X	4
ATUS.TR	Altice USA, Inc. Class A TR	Media	37.900	Buy	X	Buy	X	4
UIS.TR	Unisys Corp TR	Technology Services	19.530	Buy	X	Sell	X	4
NRZ.TR	New Residential Investment Corp. TR	Financial Services	10.373	Buy	X	Buy	X	5
IPOC	Social Capital Hedosophia Holdings Corp. III Class A	Financial Services	16.240	Buy	X	Sell	X	4
TRIT	Triterras, Inc. Class A	Financial Services	12.630	Buy	X	Sell	X	3

Symbol	Company	Sector	Price	RS vs Market Signal	RS vs Market Column	RS vs Peer Signal	RS vs Peer Column	Tech Attrib
EQT	EQT Corporation	Gas Utilities	12.460	Sell	O	Buy	O	1
APEI	American Public Education Inc.	Noncyclical Goods and Svcs	29.550	Sell	O	Sell	O	0
CYRX	CryoPort, Inc.	Medical Products	42.840	Sell	O	Sell	O	0
RENN	Renren Inc.	Technology Services	5.110	Sell	O	Sell	O	1
XONE	The ExOne Company	Industrial Goods & Svcs	9.365	Sell	O	Buy	O	2
ARCT	Arcturus Therapeutics Ltd.	Pharmaceuticals	42.360	Sell	O	Sell	O	0
BABA	Alibaba Group Holding Ltd (China) ADR	Retail	236.260	Sell	O	Sell	O	0
KMPHD	Kempharm Inc	Pharmaceuticals	12.300	Sell	O	Sell	O	0
APVO	Aptevo Therapeutics Inc.	Biotechnology	34.850	Sell	O	Sell	O	1
ZM	Zoom Video Communications, Inc. Class A	Fixed Line Communications	353.750	Sell	O	Buy	O	2