Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Stocks

Surging Trucks Are Driving The Industrials Sector Higher

by July 26, 2023
July 26, 2023
Surging Trucks Are Driving The Industrials Sector Higher

On the Relative Rotation Graph for sectors above I have highlighted the trail of the Industrials sector over the last 20 weeks. The trajectory coming out of the lagging quadrant into improving and now turning into an RRG Heading between 0-90 degrees suggests that further improvement is ahead of us.

Industrials Breaking To New All-Time-Highs

In this episode of Sector Spotlight at the start of July, I pointed out that the Industrials sector was one of two (the other being Information Technology) breaking to new all-time highs, as seen on the monthly chart above.

This in itself is, of course, already a sign of strength.

The rotation on the RRG is now starting to add the relative strength component to that strength as well.

Break Down into Industries

When we step from sectors into the industries that make up the Industrials sector, we see a lot of industries that have recently rolled over inside the leading quadrant and have then rolled over into weakening.

Out of the remaining industries, three are inside lagging; Defense, Delivery Services, and Aerospace. Despite the small pickup of relative momentum for Defence and Delivery, they remain in a relative downtrend vs. XLI.

The railroad industry is on a short tail inside the improving quadrant while losing some relative momentum which indicates that this industry is at a stable, yet relative downtrend vs XLI.

Out of these industries, which together make up the Indsutrials sector, there are currently two that stand out positively.

Commercial Vehicles & Trucks

$DJUSHR is inside the improving quadrant and heading towards leading at a long tail, indicating that there is strength behind this move.

On the price chart, this index broke to new highs last week and is holding up well so far. The raw RS-Line is sloping up slightly and has just put in a new higher low which is pulling both RRG Lines higher.

This combination suggests a further leading role for this industry in the weeks ahead.

Trucking

$DJUSTK has recently completed a rotation through weakening and then back into leading. So completing a rotation completely on the right-hand side of the RRG, which we know is a strong sign.

The upward break in this index is more vicious than we saw in the previous chart. Also, the raw RS-Line is about to break upward from an almost three-year sideways range.

With the RS-Ratio line bottoming out above 100 and the RS-Momentum line moving back above 100, the rotation is completed without moving into the lagging quadrant (left-hand side of the RRG), which in itself is already a sign of strength.

New Industries taking the lead

After the big moves by airlines and construction stocks pulled the Industrials sector up and above its previous highs, it looks as if Trucking and Commercial Vehicles & Trucks are now taking over as the leading industries within the sector.

These are the stocks in these industries inside the S&P 500

Commercial Vehicles % Trucks : CAT,CMI,DE,PCAR,WAB

Trucking : CHRW,JBHT,ODFL

#StayAlert, –Julius

0
FacebookTwitterGoogle +Pinterest
previous post
RFK Jr rips White House’s ‘bad decisions,’ won’t say whether Biden is fit to serve as president
next post
The Ord Oracle July 25, 2023

Related Posts

What Does Equal-Weight S&P 500 Tell Us About...

August 17, 2023

The Hoax of Modern Finance – Part 9:...

February 23, 2024

Analyzing Risks for Mega-Cap Growth Stocks Before Key...

September 19, 2023

Market Up & Down — Don’t Try to...

September 18, 2023

Two Defensive Sectors are Outperforming – What Does...

October 26, 2023

Equities Hit New All-Time Highs as Communications Joins...

June 11, 2024

NVDA is Holding Strong: It’s Time to Think...

April 12, 2024

Week Ahead: NIFTY Makes A Strong Attempt To...

July 1, 2023

NASDAQ NOSEDIVES, Down Over 2% At The Close!

October 25, 2023

DecisionPoint Trading Room: Narrow Advance a Big Problem!

February 6, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Run Your Stock Portfolio Like a Pro Sports Team

    • Leadership Rotation Could Confirm Corrective Phase

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

    • 1911 Gold Temporarily Suspends Operations at True North Complex due to Bissett Evacuation Order

    • Ontario Backs Down on Key Bill 5 Provisions, Echoes BC’s Mining Debate

    • Appeals Court Grants Trump Temporary Reprieve on Tariffs, “TACO” Taunts Gain Steam

    Categories

    • Business (1,223)
    • Investing (2,503)
    • Politics (3,699)
    • Stocks (1,614)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved