BUY SIDE — Bullish Trend & Reversal Sectors (ranked by breadth × momentum)
1. Investment Banking & Brokerage Services — 14 bullish names (strongest breadth in the market)
This is the standout sector: asset managers, brokers and market infrastructure names dominate the bullish list, evidence of broad institutional flow rather than one or two isolated movers.
- IGG (IG Group) — Bullish Reversal. LT 40.6 → ST 83.6, momentum +5.30. Sharpest turn in the sector; short-term strength has decisively outrun the long-term base, suggesting a fresh leg higher rather than a bounce.
- JUP (Jupiter Fund Management) — Bullish Reversal. LT 44.2 → ST 67.1, momentum +4.75. Asset manager recovering off a weak base, momentum still accelerating.
- TCAP (TP ICAP) — Bullish Trend. 89/94/99 across LT/MT/ST, momentum +3.51. Near-maximum readings on all three timeframes — a trend with no sign of exhaustion yet.
- OCI (Oakley Capital Investments) — Bullish Trend. 78/92/97, momentum +3.72. Same profile as TCAP — full alignment, strong and accelerating.
- ABDN (Aberdeen Group) — Bullish Trend. 84/80/95, momentum +3.13. Consistent strength, asset-manager re-rating story.
Reasoning: breadth this wide across brokers/asset managers/exchanges usually reflects a sector-wide re-rating (rates, trading volumes, M&A activity) rather than stock-specific noise — the reversal names (IGG, JUP, PLUS) are the higher-beta way to play it; the trend names (TCAP, OCI, ABDN) are the lower-risk continuation trades.
2. Software and Computer Services — 6 bullish names, best average momentum (+4.13)
- CCC (Computacenter) — Bullish Trend. 100/98/99, momentum +8.20. Essentially maxed out on all three timeframes with the strongest momentum of any trend (non-reversal) name in the sector — textbook institutional accumulation.
- GBG (GB Group) — Bullish Reversal. LT 8.1 → ST 79.6, momentum +4.83. One of the most extreme reversals in the whole dataset — was deeply out of favour long-term, now firmly back in favour short-term.
- NCC (NCC Group) — Bullish Trend. 80/94/99, momentum +2.79. Strengthening into the short term, cybersecurity/consulting demand story.
Reasoning: CCC is the highest-conviction trend-continuation buy in the sector; GBG is the reversal play — much higher risk given how weak its long-term base was, but the momentum confirms it isn’t a dead-cat bounce.
3. Retailers — 5 bullish names, avg momentum +4.79
- HFD (Halfords) — Bullish Trend. 97/94/90, momentum +12.14 — the single strongest momentum reading among all trend (non-reversal) names in the entire dataset. Already strong across all timeframes, now accelerating hard.
- JD. (JD Sports Fashion) — Bullish Trend. 71/73/74, momentum +5.19. Even alignment across all three timeframes, steady rather than explosive.
- INCH (Inchcape) — Bullish Trend. 72/69/86, momentum +2.28. Short-term acceleration ahead of medium-term.
Reasoning: Retailers show no reversal names — this is a sector where existing winners are simply extending, which is generally the safer type of bullish signal (less risk of a false start than a reversal).
4. Travel and Leisure — 5 bullish names, avg momentum +4.04
- TRN (Trainline) — Bullish Reversal. LT 23.2 → ST 74.5, momentum +9.47. Very strong turn, second-highest reversal momentum in the sector list.
- WIZZ (Wizz Air) — Bullish Reversal. LT 43.6 → ST 67.6, momentum +5.72. Airline recovering off a low base.
- DOM (Domino’s Pizza Group) — Bullish Trend. 82/68/89, momentum +3.64.
Reasoning: this sector is reversal-led rather than trend-led — TRN and WIZZ are names that were out of favour and are now being bought aggressively; higher risk/reward than the Retailers list above.
5. Industrial Support Services — 5 bullish names, avg momentum +2.66
- IWG (International Workplace Group) — Bullish Reversal. LT 29.1 → ST 94.1, momentum +5.13. One of the largest LT-to-ST swings (65pts) in the dataset.
- HAS (Hays) — Bullish Trend. 93/89/65, momentum +3.42. Note ST is cooling relative to LT/MT — worth watching for early trend fatigue.
- RS1 (RS Group) — Bullish Trend. 97/95/82, momentum +3.15.
6. Electronic and Electrical Equipment — 4 bullish names, avg momentum +4.83
- DSCV (Discoverie Group) — Bullish Trend. 93/82/90, momentum +7.93. Strongest trend momentum in this sector.
- HLMA (Halma) — Bullish Reversal. LT 22.1 → ST 80.3, momentum +4.70. Large-cap quality name turning up sharply off a weak base — worth flagging given Halma’s size and typical low volatility.
Notable single-name reversals outside the top sectors (highest momentum in the whole dataset)
- VTY (Vistry Group), Household Goods/Home Construction — Bullish Reversal, LT 15.7 → ST 69.6, momentum +14.05 — the single strongest reading in the entire 350-name screen.
- MRO (Melrose Industries), Aerospace and Defense — Bullish Reversal, LT 37.5 → ST 82.7, momentum +9.51.
- ATYM (Atalaya Mining), Precious Metals and Mining — Bullish Trend, 98/92/91, momentum +8.81.
- GAMA (Gamma Communications), Telecommunications — Bullish Trend, 91/78/73, momentum +6.17.
These four sit in sectors too thin (1 qualifying name each) to call the sector strong, but the individual momentum readings are exceptional and worth a closer look on their own merits.
SELL SIDE — Bearish Trend & Reversal Sectors (ranked by breadth × momentum)
1. Real Estate Investment Trusts — 5 bearish names (widest bearish breadth)
- BYG (Big Yellow Group) — Bearish Trend. 22/22/11, momentum -1.69.
- SHC (Shaftesbury Capital) — Bearish Reversal. LT 75.6 → ST 11.2, momentum -1.11. Large collapse from a strong base.
- GPE (Great Portland Estates) — Bearish Reversal. LT 64.6 → ST 11.6, momentum -0.78.
- LMP (LondonMetric Property), SAFE (Safestore) — both Bearish Trend, deep in single digits/low teens short-term.
Reasoning: five REITs breaking down together points to a sector-wide issue (rate sensitivity, valuation reset) rather than idiosyncratic weakness — the reversal names (SHC, GPE) are the ones that were previously strong and are now failing, typically the more damaging signal for holders.
2. Aerospace and Defense — 4 bearish names, avg momentum -1.43
- QQ. (QinetiQ) — Bearish Reversal. LT 62.7 → ST 11.6, momentum -3.54. Sharpest deterioration in the sector.
- BA. (BAE Systems) — Bearish Reversal. LT 62.2 → ST 25.6, momentum -1.00. Notable given BAE’s index weight — a large-cap rolling over.
- SNR (Senior), BAB (Babcock) — also weakening.
Reasoning: this sector also contains two of the strongest bullish reversals (MRO, and to a lesser extent AVON in the raw data) — the split (MRO up, QQ./BAE down) suggests this is stock-specific rotation within defense rather than a sector-wide call, so treat individually rather than as a blanket sell.
3. Media — 3 bearish names, avg momentum -1.37
- WPP (WPP Group) — Bearish Reversal. LT 85.0 → ST 31.0, momentum -2.50. Large, fast collapse from a very strong base — the standout sell in this sector.
- ITV — Bearish Trend, deep weakness across all timeframes (LT 4.6/MT 13.4/ST 11.9).
- BMY (Bloomsbury Publishing) — Bearish Reversal, momentum -0.53.
Highest-conviction individual sells (steepest momentum, regardless of sector breadth)
- KNOS (Kainos Group), Software and Computer Services — Bearish Reversal, LT 91.3 → ST 36.5, momentum -7.12 — the sharpest reversal in the entire dataset. Notable because the same sector is also home to two of the strongest buys (CCC, GBG) — this is a stock-specific breakdown, not a sector call.
- ENOG (Energean), Oil, Gas and Coal — Bearish Trend, 15/12/10, momentum -6.40. Entrenched downtrend with no reversal signs.
- SHEL (Shell), Oil, Gas and Coal — Bearish Reversal, LT 74.6 → ST 17.4, momentum -2.71. Combined with ENOG, the two qualifying Oil & Gas names both show heavy deterioration despite the sector having only 2 names on the list — small breadth, but a consistent and severe signal.
Summary — where the conviction is highest
| Side | Sector | Signal | Read |
|---|---|---|---|
| Buy | Investment Banking & Brokerage Services | Widest bullish breadth (14 names) | Broad institutional/asset-manager re-rating |
| Buy | Retailers / Software & Computer Services | Highest momentum trend names (HFD +12.1, CCC +8.2) | Existing winners still accelerating |
| Buy | VTY, MRO, ATYM (single names) | Momentum outliers (+14.1, +9.5, +8.8) | Highest-risk/highest-reward reversals |
| Sell | Real Estate Investment Trusts | Widest bearish breadth (5 names) | Sector-wide REIT weakness |
| Sell | KNOS, ENOG, SHEL (single names) | Momentum outliers (-7.1, -6.4, -2.7) | Stock-specific breakdowns to avoid/short |
This is a technical/relative-strength read only — not investment advice, and levels like these can shift quickly, so it’s worth cross-checking against fundamentals and news flow before acting on any of these.
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