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Apple Inc. (AAPL)

Since bottoming out in the red zone back in January, Apple (AAPL) has been steadily working its way back up the relative strength rankings in the SIA S&P 100 Index Report. Last week it returned to the Green Favored Zone for the first time since October, and today it returned to the Green Favored Zone of the SIA S&P 500 Index Report. In the SIA S&P 100 Index Report, Apple currently sits in 16th place, up 31 positions in the last month.

The Bank of New York Mellon Corp (BK)

The relative strength chart for Bank of New York Mellon (BK) within the SIA S&P 500 reminds us of just how fast sentiment toward a sector can change, in this case, financial services. BK spent the last nine months of 2022 stuck in the red zone but started to work its way back up the rankings starting in September. In January it climbed into the yellow zone and by February it had returned to the green zone for the first time in nearly a year.
Since peaking on March 9th, however, BK has quickly tumbled back down the rankings, falling back into the Yellow Neutral Zone, Currently in 45th place after falling 11 spots on Friday, BK has dropped 24 positions in the last month and it is currently 8 spots away from a return to the red zone.

Advanced Micro Devices (AMD)

Chipmaker Advanced Micro Devices entered the Green Favored Zone in the SIA S&P 100 Index Report at the start of February for the first time since it joined that index last summer. Since then, the shares have remained in the Green Zone gaining 9.4% over the last six weeks.

Microsoft Corp. (MSFT)

Software giant Microsoft’s (MSFT) relative strength has improved significantly in the last two months. Starting in the red zone, Microsoft has steadily climbed back up the rankings in the SIA S&P 100 Index Report, recently returning to the Green Favored Zone for the first time since January of 2022.

Meta Platforms Inc. (META)

The social media giant spent 2022 stuck deep in the red zone of the SIA S&P 100 Index Report. Since November, however, the shares have been rising back up the rankings and yesterday it returned to the Green Favored Zone for the first time since October of 2021.

Dundee Precious Metals (DPM.TO)

Gold producers have been attracting renewed interest this week in the midst of turmoil in the US banking system. Dundee Precious Metals (DPM.TO) is the highest ranked gold producer in the SIA S&P/TSX Composite Index Report, sitting in 7th position after climbing two spots yesterday.

Eldorado Gold Corp. (ELD.TO)

Amid growing concerns about the health of the US banking sector, gold and gold producers have been attracting renewed interest from investors. Eldorado Gold (ELD.TO) had soared up the rankings back in November driving up from the red zone to the Green Favored Zone.

Nuvei Corp (NVEI.TO)

Payments technology provider Nuvei Corp. (NVEI.TO) has been on fire since reporting earnings earlier this week, gaining 6.6% yesterday and 23.3% over the last week. Since joining the SIA S&P/TSX Composite Index Report in December, the shares have been climbing the rankings moving from the red zone to the Green Favored Zone. Yesterday NVEI jumped 47 spots to 20th place.

Etsy Inc (ETSY)

Online retailer Etsy (ETSY) had been one of the relative strength success stories of 2022, climbing from the bottom of the red zone in the SIA S&P 500 Index Report, to the top of the green zone over the second half of the year. In recent weeks, and particularly in the days since retailers generally posted mixed earnings and weak guidance, retail stocks have been weakening and Etsy has been dropping back down the rankings.
Currently, ETSY sits in 245th place, 8 spots above the red zone near the bottom of the Yellow Neutral Zone. It fell 56 positions yesterday and is down 231 places in the last month.

Seagate Technology PLC (STX)

After spending most of a year in the Red Unfavored Zone of the SIA S&P 500 Index Report, Seagate climbed up into the yellow zone in January which looked encouraging at the time. In recent weeks, however, Seagate’s relative performance has weakened and the shares have dropped back down into the Red Zone, posting a loss of 9.9% for the time it was in the yellow zone.
Seagate finished yesterday in 257th place, down 6 positions on the day and down 44 spots in the last month.

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