Week Ending: 28 August 2026

United States US Consumer Cyclical Industry

Apparel Retail

For the week ending 28 August 2026, Apparel Retail declined 0.50% with 11 advancing, 18 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.

Current architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

60 technical evidence
Index967.68 1 week-0.50% Breadth38% Members29
Country 🇺🇸 United States · US
Sector Consumer Cyclical
Universe NASDAQ, NYSE
Price basis Adjusted weekly close

Trend architecture

Index, activity fan and structural anchors

Rolling 156-week evidence. Trend Signal points mark weeks when price, trend and the activity fan confirmed together.

Index Value Trend Line Fair Value Activity Lines Constructive architecture Transitional architecture Defensive architecture
Current architecture Upward Expansion 3 completed weeks in this state
Trend acceptance 1.6% Index versus Trend Line
Persistence 100% Positive across every horizon
Participation 38% 11 advancing, 18 declining

Investor positioning lens

Is the evidence ready for capital?

A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.

Current posture Wait for re-acceleration

Headline strength is not yet confirmed by the current Activity Line energy and constituent trend mix.

60 technical evidence
out of 100
Evidence balance

Five-pillar map

Wait
Trend
65
Breadth
45
Persistence
48
Relative
77
Risk quality
77
What supports the view
  • The index remains above a constructive Trend gate.
  • Relative performance is improving within its parent hierarchy.
What restrains conviction
  • Breadth remains too narrow or inconsistent for a high-conviction position.
  • Constituent persistence remains divided or predominantly negative.
  • Stage 4 declining constituents exceed Stage 2 advancing constituents by 29 percentage points.
  • Positive contribution is concentrated in a small leadership cohort.

This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.

Trend state and durability

Architecture, persistence and constituent regimes

The index path is tested against the underlying security-level trend evidence.

Index architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

State age3 weeks
Trend gateUp
Fan width2.72%
Fast versus slow change0.66 pts
Above 50% Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Positive across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.

13-week
3.5%
26-week
2.3%
39-week
1.4%
52-week
5.9%
Regime age15 weeks 52-week flips5 52-week boundary913.69
Constituent trend persistence

Is the index move broadly durable?

97% coverage
Coherent positive18%
Coherent negative25%
Average horizon agreement82%
Positive horizon share48%
Weakening positives5
Repairing negatives1

28 constituents measured as of 28 Aug 2026. Median trend age is 14 weeks.

Custom stage map

Where constituents sit in the cycle

97% coverage
Stage 1 · Basing18%5 securities
Stage 2 · Advancing25%7 securities
Stage 3 · Distribution4%1 securities
Stage 4 · Declining54%15 securities
Re-acceleration watch1 Transition watch4 Relative strength leaders29% Fair Value repairs3

Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

73/100 mean confidence
Upward expansion
25% 7
Rotation up
7% 2
Deceleration
14% 4
Balance
21% 6
Rotation down
4% 1
Downward expansion
29% 8
Unresolved
0% 0

Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.

Capital rotation

Performance relative to Consumer Cyclical

Improving
Relative index 13-week relative trend Starting level
Rotation dashboard Improving

A rising relative line means this group is compounding faster than Consumer Cyclical. A falling line means capital has done better in the parent benchmark.

Relative index108.8
13-week trend107.1
4-week trend change1.69%
Weekly peer rank7 of 23
1 week
1.3 pts relative
4 weeks
-1.5 pts relative
13 weeks
4.8 pts relative
26 weeks
4.2 pts relative
52 weeks
14.5 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Narrow
Advancing
11
Declining
18
Unchanged
0
4-week average 44%
13-week average 51%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility27.1%
Drawdown from 52-week high-7.4%
Positive weeks, last 1346%
Current directional run3 weeks
Turnover versus 13-week norm142%
Breadth impulse-14.3 pts
Cross-section

Return distribution

29 measured
Q1 -5.5% Median -1.2% Q3 2.9%
Average winner7.8%
Average loser-4.9%
Dispersion9.3 pts
Top-five upside share84%
Top-five capital share90%
Capital data coverage100%

Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.

Momentum cycle

30-week persistence

Positive readings show expansion. Negative readings show contraction.

Breadth cycle

Net participation

Advancers less decliners as a percentage of measured constituents.

News and narrative

Does company news confirm the market tape?

Open Sentiment Intelligence
Qualified weighted tone
61out of 100

Mostly positive

Positive company-news scores are spread across much of the measured market.

Evidence quality

Coverage before conviction

59/100 confidence
Qualified companies1138% of measured constituents
Articles901100% direct company evidence
Publishers228Independent sources represented
Latest evidence30 AugFreshness is weighted in the score
Constructive 64%Balanced 36%Cautious 0%
Price confirms news2
Price disagrees6
Negative news absorbed0
Positive but stretched4

Only fresh, quality-controlled company evidence is included. Industry and sector context is down-weighted and cannot create a directional group conclusion on its own.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Constituent ledger

Industry constituents

All 29 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 ANF Abercrombie & Fitch Company NYSE 4.99B 148.42 0.86 pts
36.15%
2 GAP The Gap, Inc. NYSE 7.33B 23.48 0.64 pts
18.59%
3 URBN Urban Outfitters Inc NASDAQ 6.49B 81.09 0.32 pts
9.23%
4 AEO American Eagle Outfitters Inc NYSE 2.83B 16.87 0.15 pts
4.33%
5 BIRD Allbirds Inc NASDAQ 21.22M 2.54 0.13 pts
3.67%
6 REF Reformation Inc. NYSE 855.42M 15.00 0.12 pts
3.59%
7 CURV Torrid Holdings Inc NYSE 214.96M 2.28 0.11 pts
3.17%
8 VSCO Victoria's Secret & Co NYSE 4.73B 87.85 0.10 pts
2.88%
9 DXLG Destination XL Group Inc NASDAQ 35.41M 0.6201 0.06 pts
1.76%
10 TLYS Tillys Inc NYSE 114.03M 3.96 0.04 pts
1.02%
11 LVLU Lulu's Fashion Lounge Holdings Inc NASDAQ 39.76M 14.15 0.03 pts
0.93%
12 LULU Lululemon Athletica Inc. NASDAQ 13.44B 120.81 -0.01 pts
-0.21%
13 ZUMZ Zumiez Inc NASDAQ 311.29M 18.18 -0.02 pts
-0.49%
14 BKE Buckle Inc NYSE 2.29B 43.43 -0.03 pts
-0.87%
15 LE Lands’ End Inc NASDAQ 367.97M 12.05 -0.04 pts
-1.23%
16 JILL J.Jill Inc NYSE 299.18M 19.80 -0.07 pts
-2.03%
17 AKA AKA Brands Holding Corp NYSE 119.80M 10.60 -0.09 pts
-2.75%
18 DLTH Duluth Holdings Inc NASDAQ 145.53M 3.68 -0.12 pts
-3.41%
19 TJX The TJX Companies Inc NYSE 155.44B 135.12 -0.13 pts
-3.85%
20 ROST Ross Stores Inc NASDAQ 77.37B 228.55 -0.15 pts
-4.39%
21 GCO Genesco Inc NYSE 389.63M 33.31 -0.17 pts
-5.02%
22 RENT Rent the Runway Inc NASDAQ 122.59M 3.59 -0.19 pts
-5.53%
23 SFIX Stitch Fix NASDAQ 422.96M 3.14 -0.20 pts
-5.84%
24 CRI Carter’s Inc NYSE 1.26B 33.55 -0.21 pts
-6.21%
25 CTRN Citi Trends Inc NASDAQ 619.32M 67.25 -0.21 pts
-6.22%
26 BOOT Boot Barn Holdings Inc NYSE 4.90B 154.85 -0.22 pts
-6.47%
27 CAL Caleres Inc NYSE 458.50M 12.48 -0.29 pts
-8.37%
28 CATO Cato Corporation NYSE 55.69M 2.65 -0.32 pts
-9.25%
29 BURL Burlington Stores Inc NYSE 20.81B 272.95 -0.57 pts
-16.40%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Evidence context