Consulting Winners:
The business support services group inside the industrials has been a strong one. CSGP is trying to stay above a recent breakout above a cup base pivot of 79.36 taken out on 10/26. That was its third consecutive well-received earnings reaction up 7.4% (the 2 others jumped 6.2 and 14.8% on 4/27 and 7/27). FIX is an underfollowed name that is still comfortably above a 109.10 cup base trigger it took out on 10/25. If the thinly traded name can remain at this altitude an add-on above a bull flag formation is in play. Below is the chart of another standout in BAH. The stock is up 30% in 2022 thus far, not a typo, and sports a dividend yield of 1.6%. On its WEEKLY chart, it had the look of breaking above a bull flag pivot that was just below the very round par number and this week is demonstrating good relative strength up almost 3% as the XLI has added .5%. The daily chart here needs a decisive push above 110 to get this uptrend in full gear once again. Respect a leader in an overall chilly market climate.