Can you explain the difference between the Major Sectors and Industry Groups?

13 April 2023
In order to identify very broad areas of concentrated buying enthusiasm, or investors lethargy, we have divided the stock market into ten sectors ranked in order of Power Ratings, which is a complex form of relative strength. Examples of these broad based areas are the Energy Sector, Transportation Sector, Financial Sector, etc. Example: Energy Sectors has industry groups of gas pipelines, oil and gas producers, oil refinery and marketing which are also ranked by Power Ratings.