Aug. 17 at 12:46 PM
Weekly Cloud Watch 3/3: The Mid Eight group saw no positional changes again this week. Five names—
$DIS,
$AXP,
$GE, MCD, and LIN—continue to trade above their clouds. Laggards PepsiCo (
$PEP) and Thermo Fischer Scientific (
$TMO) posted the strongest gains of the group. These two are, incidentally, consumer staples and heath care which are beneficiaries of further market rotation.