Research, Technical

Lowry Weekly Industry Group Commentary: February 22, 2024

Drew B. Wells, CMT, CIMA, Junior Technical Analyst
22 February 2024

Summary

We can make money by focusing on "soft-wear" instead of "hardware". Retail clothing is a good buy, and electronics is a good place to sell technology. Positive criteria include a Power Rating of 80 or less and a Power Rating Relative Strength of 0 or greater. Negative criteria include a Power Rating of 55 or less and a Power Rating Relative Strength of less than or equal to 0. Retail clothing is a good buy candidate, and electronics is a good opportunity to raise funds in technology.


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