Big Blue Stays Red on the Relative Rotation Graph

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

The S&P 500 is up over 7% the last five weeks, but IBM is down and flirting with new lows. The chart below shows the Relative Rotation Graph (RRG) with all thirty Dow stocks. With the Dow Industrials as the benchmark, we are seeing the relative performance rotations for all 30 stocks in this key average. The highlighted red line represents relative performance for IBM and it is pointing northeast, which is negative. Also notice that Chevron and Caterpillar are underperforming the senior average.


Click this image for a live chart.

Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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