O’Neil Energy/Material/Transport/Utility Sector Weekly

Currently, the only sector with favorable short-term (trailing four weeks) and long-term (trailing six months) trends
remains Transportation. Utility has seen its relative improvement continue in the short term, although it still has
significant overhead. Basic Material has not changed much this week, with relative strength still near 52-week lows.
Energy remains clearly the worst global sector, despite a very small bounce from decade lows in relative terms.

Global Laggards

Highlighted Charts

 

U.S.: Kennametal (KMT), News Corporation (NWSA), Sanderson Farms (SAFM), Cosan Ltd Cl A (CZZ), Everest RE (RE), Avanos Medical (AVNS), Echostar Corp (SATS), Appian Corp (APPN).

 

Developed: Nitto Denko (IF@N.JP; 6988 JP), Sandvik (SAND.SE; SAND SS), Relo Group (RESE.JP; 8876 JP), Beirsdorf (BEIX.DEBEI.GR), Citic Securities (CSCY.HK; 6030 HK), H Lundbeck (LUN.DK; LUN DC), Ohsho Food Service (OSHO.JP; 9936 JP), Ibiden (IBIN.JP; 4062 JP), Telstra (TLS.AU; TLS AU).

 

Emerging: LG Household & Healthcare (LHH.KR; 051900 KR), Hua Nan Financial (HNB.TW; 2880 TT), Telekomunikasi Indonesia (RLK.ID; TLKM IJ).