MONDAY'S BIGGEST MATASII SII MARKET LOSER THE LAST STRENGTH IN THE MATASII AUTO SECTOR WATCH LIST

A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS-SII & PUBLIC ACCESS) READERS  REFERENCE

SII:  RETAIL - AUTO

MATASII SYNTHESIS:

Below is a rather busy table listing all the members of the MATASII AUTO SII. We have broken down this table (following charts) so you can focus on its key messages.

KEY TAKEAWAYS:

  • On a Monthly, Weekly and Daily basis we are seeing weakness across various Auto SII securities - even those that had previously moved against the sector's weakening trend,
  • The fact we are now seeing major weakness in the only "LONG" performer (PARTS) in the sector is confirming the serious of the weakness in the sector,
  • MATASII'S Proprietary "Trend Following" Methodology is confirming the Intermediate Cyclical  Trend for the Auto Sector (left column of table).

MONTHLY "SHORT" GAINERS

  • The Auto Sector Watch List components continue to see weakness, representing 3 of the Top 8 SHORT Gainers.

WEEKLY SHORT GAINERS

  • When you include Auto Retailers, Retailing based securities showed the dominant weakness for the week ending 02-22-19.  8 out of top 12 losing positions were Retail based,

MONDAY'S "LONG" LOSERS

  • The entire AUTO-Parts group lost ground on Monday, led by Dorman Products.

Dorman Drives Lower

The automotive aftermarket supplier said that revenue climbed 14% in the fourth quarter of 2018 compared to the year-earlier quarter, with adjusted net income rising 25% over the same period. Yet even though Dorman's guidance for 2019 included sales growth projections of 6% to 10% for 2019, in line with what most of those following the stock had been expecting, earnings guidance was notably weaker than the consensus forecast among investors. 2018 was a solid year for Dorman, but shareholders seem less certain that the auto parts maker can keep up the pace this year.

FOR DETAILS  SEE MATASII POST: 

DORMAN PRODUCTS DROPS OVER 10% MONDAY - SIGNS OF WEAKNESS , IN ONLY STILL POSITIVE SII: AUTO WATCH LIST

 

AUTO SECTOR WATCH LIST

  • MATASII'S Proprietary "Trend Following" Methodology is confirming the Intermediate Cyclical  Trend for the Auto Sector (left column of table).

 

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