Charts Interpretation for the week starting November 5, 2018 

The below ranking is part of, what we Chartered Market Technician® call, the top down approach

Each sector's performance is the average of many industries' performance. Each sector is charted, on a weekly basis, in absolute terms, as well as in relative terms versus the S&P500, to keep the opportunity cost in check. Once the top sectors for the week are found, a drill down into each industries of the aforementioned top sectors is done to again find the best performers. Once found, we go one level deeper to find the leaders of the top performing industries.

Diagnostics & Research, Medical Care, Medical Devices and Health Care Plans are currently the strongest industry within Health Care.

 

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