Reduce exposure into strength
Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.
Defensive38/100Position
Apparel Retail
For the week ending 18 September 2026, Apparel Retail declined 1.57% with 61 advancing, 80 declining, and 10 unchanged constituents.
Industry positioning postureReduce exposure into strength
Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.
Industry evidence score38/100Reduce
Index value1220.23
Weekly return-1.57%
Measured equities151
Sibling rank19 of 23
156 completed weeks
Apparel Retail trend architecture
Price, Activity Lines, Trend Line and current Fair Value, with the recognized architecture behind each completed week.
ArchitectureRotation Down
Index vs Trend-3.9%
13-week persistence-3.2%
Advancing participation40%
Index Value
Trend Line
Fair Value
Activity Lines
Constructive Transition Defensive
Positioning and relative evidence
Is Apparel Retail earning a place in the portfolio?
Technical evidence determines the posture. Sentiment remains a separate confirmation layer.
Five-pillar evidence
38Quality of the positioning case
Trend
31
Breadth
37
Persistence
33
Relative
30
Risk quality
89
Parent-relative performance
Composite rank 19 of 23Returns versus Consumer Cyclical
1 week-1.6%-1.1 pts
4 weeks-4.4%-2.5 pts
13 weeks-3.2%-2.1 pts
26 weeks-2.5%-2.4 pts
52 weeks-8.8%-2.2 pts
Relative leadership path
WeakeningApparel Retail versus Consumer Cyclical
Evidence ledger
Confirmation and conflict
!Index trend architecture has not delivered a durable upward expansion.
!Breadth remains too narrow or inconsistent for a high-conviction position.
!Constituent persistence remains divided or predominantly negative.
!The group is not yet delivering dependable relative outperformance.
!Stage 4 declining constituents exceed Stage 2 advancing constituents by 38 percentage points.
Decision boundaries
What would change the posture?
1A completed weekly reclaim of 1,269.63, the higher of Trend Line and Fair Value, would improve the structural case.
2Breadth holding above 55% for several completed weeks would show that repair is spreading.
3Positive 13 and 26-week relative performance would confirm that capital is rotating into the group.
Trend state and durability
Architecture, persistence and constituent regimes
The industry index path is tested against the securities beneath it.
Index architecture
1 weeksRotation Down
Fast Activity Lines are losing the slow pair and price acceptance is deteriorating.
Trend gateDownFan width1.38%Accepted above fan33%Accepted below fan33%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
100% agreementNegative across every horizon
The 13, 26, 39 and 52-week trends all point downward, confirming persistent contraction.
13-week
-3.2%
26-week
-2.5%
39-week
-9.3%
52-week
-8.8%
Regime age6 weeks52-week flips952-week boundary1337.74
Constituent trend persistence
94% coverageHow broadly durable is the move?
34%positive
Coherent positive13%
Coherent negative36%
Horizon agreement83%
Weakening positives24
Repairing negatives21
142 constituents measured as of 18 Sep 2026.
Custom stage map
96% coverageWhere covered constituents sit in the cycle
57%Stage 4
Stage 1 Basing13%19
Stage 2 Advancing19%27
Stage 3 Distribution12%17
Stage 4 Declining57%82
Re-acceleration2Transition watch21Fair Value repairs14
Stage coverage is shown explicitly and is not substituted for full-universe persistence coverage.
Geographic diffusion
Where Apparel Retail strength is developing
Country returns, participation and Trend position show whether the global result is widely shared or locally concentrated.
Countries measured1829 represented in the full universe
Positive countries4 / 18Latest weekly return above zero
Above Trend Line22%4 country indexes
Return dispersion2.18 ptsCross-country opportunity and divergence
Asia Pacific-0.29%
6 countries · 66 equities · 44% of measured coverage
Middle East and Africa-1.09%
2 countries · 8 equities · 5% of measured coverage
Latin America-1.64%
2 countries · 8 equities · 5% of measured coverage
Europe-2.18%
5 countries · 17 equities · 11% of measured coverage
North America-3.30%
3 countries · 38 equities · 25% of measured coverage
Country evidence map
Minimum 3 constituentsReturn, breadth and trend condition
🇭🇰HK12
2.06%
50% up · below Trend
🇿🇦ZA5
1.43%
60% up · below Trend
🇲🇽MX6
0.49%
50% up · below Trend
🇦🇹AT5
0.32%
60% up · below Trend
🇧🇷BR5
-0.03%
60% up · below Trend
🇯🇵JP30
-0.06%
73% up · below Trend
🇦🇺AU5
-0.71%
60% up · below Trend
🇹🇭TH5
-1.23%
40% up · below Trend
🇮🇳IN11
-1.80%
36% up · below Trend
🇸🇪SE3
-2.08%
33% up · below Trend
🇬🇧GB3
-3.17%
0% up · above Trend
🇫🇷FR3
-3.18%
0% up · above Trend
🇨🇦CA3
-3.39%
33% up · below Trend
🇺🇸US29
-4.08%
24% up · below Trend
🇮🇩ID3
-4.27%
0% up · below Trend
🇦🇷AR3
-4.33%
0% up · above Trend
🇩🇪DE3
-4.42%
0% up · above Trend
🇮🇱IL3
-5.28%
0% up · below Trend
11 thin country slices are excluded from comparative conclusions. Their securities remain in the global index.
Country leadership
Strongest confirmed tapes
🇭🇰Hong Kong12 equities2.06%
🇿🇦South Africa5 equities1.43%
🇲🇽Mexico6 equities0.49%
🇦🇹Austria5 equities0.32%
🇧🇷Brazil5 equities-0.03%
🇯🇵Japan30 equities-0.06%
Country pressure
Weakest current tapes
🇮🇱Israel3 equities-5.28%
🇩🇪Germany3 equities-4.42%
🇦🇷Argentina3 equities-4.33%
🇮🇩Indonesia3 equities-4.27%
🇺🇸United States29 equities-4.08%
🇨🇦Canada3 equities-3.39%
Sibling industry comparison
Where Apparel Retail sits inside Consumer Cyclical
Relative strength, acceleration and participation separate durable leadership from a one-week move.
Composite rank19 / 23
Leading6
Lagging8
Above Trend2 / 23
Return dispersion0.86 pts
Competitive-set rotation
Bubble size shows constituentsIs this industry gaining or surrendering leadership?
Improving
Leading
Lagging
Weakening
13-week relative strength4-week acceleration
Footwear & Accessories37Personal Services63Auto Parts45Residential Construction41Home Improvement Retail47Luxury Goods77Specialty Retail61Furnishings, Fixtures & Appliances47Internet Retail56Leisure41Packaging & Containers63Auto Manufacturers15Apparel Manufacturing35Textile Manufacturing50Gambling38Department Stores49Lodging46Restaurants33Apparel Retail24Auto & Truck Dealerships34Resorts & Casinos0Travel Services9Recreational Vehicles17
Sibling ranking
Momentum with confirmation
1
Luxury GoodsLeading · 39% participation
772Personal ServicesLeading · 57% participation
633Packaging & ContainersLeading · 44% participation
634Specialty RetailLeading · 47% participation
615Internet RetailWeakening · 46% participation
566Textile ManufacturingLeading · 44% participation
507Department StoresLeading · 35% participation
498Home Improvement RetailWeakening · 52% participation
479Furnishings, Fixtures & AppliancesImproving · 41% participation
4710LodgingImproving · 32% participation
4611Auto PartsImproving · 50% participation
4512Residential ConstructionWeakening · 48% participation
4113LeisureWeakening · 42% participation
4114GamblingLagging · 35% participation
3815Footwear & AccessoriesImproving · 41% participation
3716Apparel ManufacturingLagging · 35% participation
3517Auto & Truck DealershipsLagging · 36% participation
3418RestaurantsWeakening · 32% participation
3319Apparel RetailLagging · 40% participation
2420Recreational VehiclesLagging · 30% participation
1721Auto ManufacturersLagging · 41% participation
1522Travel ServicesLagging · 34% participation
923Resorts & CasinosLagging · 26% participation
0Market internals and risk
Participation, momentum and payoff shape
The headline index is tested against participation, volatility, drawdown and the distribution of security returns.
Advancing participation40.4%-1.5 points versus recent baseline
13-week positive weeks46%Index-level hit rate
Annualised volatility11.7%52-week index return volatility
Current drawdown-10.7%From the 52-week index high
156-week max drawdown-15.9%Peak-to-trough index decline
Breadth impulse
Range -100 to +100Net advancing participation
Trend momentum
Positive or negative slopeTrend Line rate of change
Security return distribution
151 equitiesWhat the headline return conceals
Average loser-4.66%
Average winner+2.23%
Median equity-0.58%The middle security, less sensitive to extreme movers
Interquartile range-4.39% to 0.88%The central half of the universe
Security dispersion4.64 ptsCross-sectional opportunity and stock-selection risk
News and price confirmation
Does company news confirm the Apparel Retail tape?
Qualified sentiment coverage for this industry is still building.
Security leadership
The equities driving the result
Weekly leaders and laggards reveal whether the index move is broad, concentrated or vulnerable to reversal.
Leadership
Strongest weekly contributors
Pressure
Weakest weekly contributors
Latest week
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