Industry Ranking

Industries ranks every industry group against every other, strongest first. It is the page's front door, and it is the complete board: every listed stock belongs to exactly one group, so nothing is missing from it.

A group's rank is the median relative strength of its members, measured over 12 months with the most recent quarter double-weighted.

That makes it deliberately slow, so a group can hold a high rank for months after its move ended. Any group still ranked as a leader that is down over both the last month and the last three is marked fading: the rank is being carried by older gains rather than by anything happening now. A leader that was not one four weeks ago is marked fresh. The Rank chg column is how many places a group climbed or fell on the board over those four weeks; sort on it to lead with what is rotating in, or by 1D or 1W to lead with what moved on the close, and the board will remember your choice next time. Every return column, 1D included, is the last completed close - the board is rebuilt once a night, and the date it covers is on the page above it.

Click any group to open it: every stock that counts toward its rank, with its RS, returns, distance from its 52-week high and any upcoming report. Open on the screener from there filters it further. Type in the find box to cut the board to the groups whose name matches, or use the sector chips to narrow it to one sector.

The strip at the top of the tab reads like the one on Themes: the setups that closed at a 52-week high on the last close, the ones within 3% of it, then who reports soon in a leading group. Industries have no base to break out of, so the 52-week high is the level.

Under the board, Setups in leading groups lists the strong stocks inside the strongest groups: RS 80 or above, within 8% of the 52-week high and above both the 21-day and 50-day averages, in a group with Group RS 80 or above. Closest to the high comes first.

Breadth and earnings, on both tabs

Group RS tells you how strong the typical member is. Three columns tell you how many members are taking part: Above 21 EMA and Above 50 SMA are the share of the group's stocks that closed above those averages, and Near high is how many closed within 5% of their 52-week high. A leading group with fewer than half its stocks above the 50-day is marked narrow: a few names are carrying the rank.

Next report is the first stock in the group reporting earnings in the next two weeks, with a count of the others after it. The first report in a group often moves the rest. The strip at the top of each tab lists everyone reporting soon inside a leading group.

Rotation

Both tabs can switch from the table to Rotation, which shows how the board has been moving. The line at the top names the groups that climbed and fell the most over the last four weeks. The map puts every group on two axes: across is its long-term strength, up is how many places it climbed over four weeks, and a short trail shows where it was, one point a week. Groups tend to walk the four corners clockwise: improving, leading, weakening, lagging. The rank history beside it is one row per group and one cell per session, colored by where the group ranked that day, so you can see when a group came into leadership or left it. Click the Rank chg header to sort by the biggest climbs, and again for the biggest falls. Pick a sector to name every group in it on the map and fade the rest. Click a dot, a row or a name in the strip to open that group. On a phone there is no hover, so the first tap on a dot shows its numbers above the map with a link; tap it again, or the link, to open it. The view is remembered, like the tab.

The Themes tab

The second tab holds a curated set of baskets we build and follow. A theme cuts across industries: Neo-clouds spans REITs, software and semis, and Quantum is not an industry at all. Where the board tells you what is strong, a theme is read as a trade, showing which name has already run and which ones beside it have not.

The page opens on whichever tab you used last, so if you live in Themes you only have to say so once. (This is about market themes, not the color palette in Settings.)

How the Themes tab is organized

• Every theme - the whole board, one row per basket, strongest group first, and the first thing on the tab. Group RS is where the basket ranks among all themes on its own 12-month performance, as 1-99, the number the Rotation view plots; the card's Avg RS is the average RS rating of its members, a different read. Rank chg is how many places the basket climbed or fell on the board over the last four weeks, the same column the Industries board has, and a basket that reached the leaders inside those four weeks is marked fresh. The Cycle bar is the read: green is the share of the basket that has already run, amber is what is still sitting in a base, grey is doing neither, and the count beside it is the names still in a base. Solid amber means nothing has gone yet, solid green means you are late. Next up names the one stock closest to its buy point, or the one that cleared it today. 1D is the median move of the basket over the last completed session, so sorting on it puts the groups that actually moved on that close at the top. Click any column to re-rank
• Your themes - any basket you built yourself, in one place whatever the market did to it today. Each row says which state it is in, so you never have to hunt for it. To build one, open a theme, tick the names you want and use Save as list
• Closest to breaking out - every name still in a base inside a setting-up theme, ranked by how far it has to rise to clear the top of that base. This is the buy list: the board above says which groups to care about, this says what to buy inside them. Names that already broke out today are named on the line at the very top instead
• Still setting up - the groups those names came from, one card each: the leader has run and the rest of the group has not, the "who moves next" read. The cards carry the catalyst behind the move, which a row on the board has no space for

Reading a theme

Each card opens with the trade in one sentence: which name leads, how far it has run in a month, how many names in the group are still sitting in a base, and which of those is closest to breaking out.

Under it sits the detail. A group Relative Strength rating (1-99, where 80+ marks a leading group), how tightly the names move together, how old the leader's move is, how many members are up this week, and a likely catalyst. Click a card to see every ticker in the basket.

In the buy list, the bar shows how far a name has travelled toward the top of its base and the dotted line at the right of every bar is that breakout level. A full bar means the name is sitting right at that level, not that it has broken out: a name can hold its pivot for days without the volume that makes it a breakout, and the label beside the bar says which it is. Click a theme name in that list to open the group behind it.

A theme only appears under "Still setting up" if its names actually move together. A basket that trades separately has no reason for the laggards to follow the leader, so it does not get a card - but it still has a row on the board at the top, because a group with most of its names coiled is worth seeing whether or not there is a trade in it today. Open any theme and it tells you which state it is in and why.

To get a daily alert when a name in a theme breaks out of its base, follow the theme from the watchlist and alerts bell.