11/24/2022
The "down and out" performance of a particular sector, industry, or stock in the stock market is not often the primary focus of the mainstream media. However, for those with patience, they can be the most rewarding areas to key in on at the right time (great emphasis on 'at the right time'). This is not to say you need to be a contrarian, but rather set alerts (or stay tuned here) to be notified of when the tide begins to change for the downtrodden item or area you're watching. It's easy to see that the Communications Sector performance has been an undeniable performance laggard since February 2022 (see weekly performance chart below). We're watching for a possible soon-arriving, clean and robust break above the downtrend line shown here. At that time, we'll be hunting for confirmed breaks to the upside for Communication Sector stocks that will offer great reward-to-risk setups.