Monitor Shifts In Stock Market Leadership With This Stock-Screening Tool

As the stock market struggles for direction, different industry groups come into focus every day that are leading the market. Software-related groups have been leading the charge lately, although the software sector still ranks at the bottom of IBD’s 33 sector rankings.

While it’s always a prudent idea to monitor leading industry groups in the stock market, keeping tabs on broader sector strength is also a solid strategy. The good news is that IBD ranks 33 sectors every day, and these rankings can be accessed electronically at Investors.com.

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						How Stock Market Sector Rotations Can Tell You Where To Invest Next

It’s in the Stock Lists tab at the top of the homepage. Over on the right, click on IBD Data Tables and then click IBD Smart NYSE + Nasdaq Tables. From there, IBD lists the sectors from strongest to weakest, and each sector name is clickable.

If a stock’s 52-week high is in blue, it means the stock is within 10% of a new high. If “volume % change” is in blue, it means the stock’s volume was 50% higher than its average daily volume over the past 50 days.

Stock Market Sector Analysis

As of Wednesday’s close, IBD’s Mining sector ranked No. 2, with four IBD Sector Leaders in the gold group at the top of the list. Separating the Sector Leaders in a sector at the top is a great time-saving feature to alert you to the fundamental leaders in a sector with strong potential. But Sector Leaders like Orla Mining (ORLA), Agnico Eagle Mines (AEM), Alamos Gold (AGI) and Kinross Gold (KGC) came under heavy selling pressure Thursday. Kinross fell below its 50-day moving average.

If a company name is in blue, it means the stock was up one point or more, or it hit a new high. If the company name is in red, the stock was down a point or more or it hit a new low.

Another mining sector name, Alcoa (AA), appeared in red in the screen Thursday because the stock fell more than one point Wednesday. It reversed lower and fell more than two points, or 3.6%, after trying to clear a seven-week consolidation.

Energy Sector

Meanwhile, the energy sector has been moving its way up through IBD’s sector rankings and ranked No. 9 through Wednesday. Oil and gas producer LandBridge (LB) was near the top of the list and appeared in blue Thursday because it was up at least one point Wednesday.

The fast-growing firm has been working its way higher and could be ready to add a handle to its cup base. While the left side of the base shows a steep pullback of 49%, the right side formed with some above-average volume weekly price gains (Point 1). This helped give LandBridge a highest-possible A+ Accumulation/Distribution Rating as of Thursday.

Follow Ken Shreve on X @IBD_KShreve for more stock market analysis and insight.

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