Pharmaceuticals and Advertising were this week's best groups. Internet Retail and Precious Metals were this week's worst groups.
Pharmaceuticals and Railroads were this week's best groups and Managed Health Care and Department Stores were this week's worst groups.
Information Technology has largest representation among Attractive groups; only one Tech group rated Unattractive. Highlighted Attractive groups include Tech Distributors, Construction/Farm Machinery, Aerospace/Defense, and Pharmaceuticals.
Upgrade to Attractive last month put Department Stores on our radar, and February’s move into the GS “top ten” confirms the quantitative strength of this group. Improving technicals, stronger than expected January sales and increasing probability of soft landing indicating a promising outlook for this group.