I view relative strength as one of the most important aspects of technical analysis. It helps me visualize where the…
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A Market with Bad Breadth is Still Going Up
The S&P 500 is going higher. If you knew nothing else about the current market environment, you would consider that to…
Continue ReadingDon’t Miss the Move into These New Areas!
This week on StockCharts TV‘s The MEM Edge, recent developments have pushed several lagging areas back into leadership positions. Mary Ellen reviews…
Continue ReadingEnergy vs. Utilities: 2 Sectors, 8 Groups, 28 stocks
On the Sector RRG, the tails for Energy and Utilities stand out. The Utilities sector is positioned inside the improving…
Continue ReadingBig Triangle Breakouts in Key Tech ETFs – How to Trade a Pullback
After leading the market into February 2020, tech-related ETFs were hit with strong selling pressure into March and extended their…
Continue ReadingJuly 2nd COVID-19 New Cases, Vaccinations, Hospitalizations
This data is from the CDC. According to the CDC, on Vaccinations. Total doses administered: 328,809,470, as of a week…
Continue ReadingGold and Dollar Share an 8-Year Cycle Period
There is an important 8-year cycle operating in both gold prices and the Dollar. That part makes sense, since a rising…
Continue ReadingTrade Deficit Increased to $71.2 Billion in May
From the Department of Commerce reported: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that…
Continue ReadingQ2 GDP Forecasts: Revised Down, under 10%
From BofA: The construction spending data sliced another 0.5pp from 2Q GDP tracking, leaving us at a still impressive 9.5%…
Continue ReadingMy Rear View Mirror Is Clear
As we cross the halfway mark, it is always good to do a little reflection. The tables shown below are…
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