The Relative Rotation Graph below shows the trends in relative strength for a number of asset classes against the Vanguard Balanced Index Fund (VBINX). The most important message sent by this chart is the opposite move of equities (SPY) versus bonds (IEF and LQD) indicating that the Equity / Bond ratio... READ MORE
The chart of the S&P 500 index ($SPX) or its ETF equivalent (SPY) has popped up in almost every blog article on the site over the past few weeks/months and the vote has been almost unanimous : It's not looking good! From an absolute point of... READ MORE
Despite wide swings in the US equity market the Relative Rotation Graph of sector ETFs will help you keep an eye on current sector rotation and point to favourable and less favourable sectors for the coming period. Initial observations A quick scan of the above Relative Rotation Graph immediately reveals... READ MORE
This article takes a look at the relative rotation of the members of the Dow Jones Industrials ($INDU) index. On the relative rotation graph below all members are plotted against $INDU. I will highlight and discuss some of the charts that show up on the RRG as "worth having... READ MORE
Wow, there's a lot going on in the markets and some big shifts seem to be under way in asset class rotation as well as in (international) equity markets rotation. Relative Rotation Graphs may help you get a handle to put all this movement into (relative) perspective. Let&... READ MORE
The top-level Relative Rotation Graph holding the nine S&P sectors clearly shows you which sector rotation is in play at the moment. If I look at the rotation of the various sectors on this RRG chart, XLP, the Consumer Staples Sector, is catching my eye. The sector is... READ MORE
One of the subjects covered in this blog on a regular basis is the relative rotation (sector rotation) in the US equity market. The data, ticker symbols, that I use for the analysis are the nine ETFs from the SPDRS family, provided by State Street Global advisors. SPDR actually stands... READ MORE
On the Relative Rotation Graph holding the 10 SPDR sector ETFs comparing them to the S&P 500 index there is one sector standing out .... big time that is!! I am talking about XLE here, the Energy select sector SPDR. Initial observations As you can see on the RRG... READ MORE
As I am writing this I am on holiday in Greece and overlooking the Ionian sea. A good time to clear the head and get some fresh thoughts. As it's also almost a year since I started writing my RRG-Blog here on StockCharts.com, and I still enjoy... READ MORE
As usual the 30 members of the Dow Industrials index are fairly evenly spread out over the Relative Rotation Graph, highlighting the good, the bad and the ugly ! Before moving into further detail I'll give you a bit of a head start saying that some technology stocks are... READ MORE
International stock markets continue to show us big rotations on the Relative Rotation Graph. The picture below holds a number of international stock market indices in comparison with the FTSE all world index ($FAW). click the chart for the live RRG Initial observations Following the headline of my previous blog... READ MORE
In last Tuesday’s (6/15) webinar with Arthur Hill I presented a Relative Rotation Graph based on size indices and how this can be used to focus attention to a specific part of the broader market. You can re-play the recording of this webinar here. One of the most... READ MORE
The Relative Rotation Graph of US sectors (10 ETFs) is showing some interesting sector rotation going on at the moment. Initial observations Glancing over the RRG above continues to show Energy (XLE) and Utilities (XLU) "standing out", as in "far away from the mean", like they... READ MORE
On the Relative Rotation Graph holding a number of Asset Class ETFs in comparison to the Vanguard Balanced Index fund, the opposite moves of commodities and REITs continue to attract attention. Initial observations The opposite moves in Commodities (DJP), heading higher on the JdK RS-Ratio axis at positive relative momentum,... READ MORE
The 30 stocks that make up the Dow Jones Industrials index are more or less evenly spread out over the Relative Rotation Graph below. There is a group of stocks that has entered the leading quadrant a few weeks ago and which are establishing solid relative up-trends including the stocks... READ MORE
The Relative Rotation Graph below holds a number of world equity indices and shows their relative rotation versus the FTSE all world index ($FAW). click the chart to open the live RRG Initial observations A couple of quick observations from the RRG before we move into more detail of the... READ MORE
Sector time! With the general market picture being a bit 'un-clear' and showing pretty wide swings from week to week, the Relative Rotation Graph holding the ten (I added XTL - Telecom) sector ETFs will shine some light on the sector rotation that is going on within the... READ MORE
The Relative Rotation Graph below shows the rotation of various asset classes (ETFs) around a balanced portfolio as represented by VBINX (Vanguard Balanced Index Fund). While reading this RRG the two asset classes that remain on the outskirts of the plot are commodities (DJP) and Real Estate (VNQ). All other... READ MORE
It is time for a look at the relative rotation of the Dow 30 industrial stocks again. The Relative Rotation Graph below shows the 30 stocks that make up this index. When I look at that RRG there are two things that immediately catch my eye. The first thing is... READ MORE
The first time I wrote about international equity markets on this blog was last year in October. Already back then China had entered the leading quadrant on the Relative Rotation Graph holding a number of international equity indices. And if we look today we will see that China is still... READ MORE
In the previous article on US sectors I mentioned Energy (XLE) and Consumer Discretionary (XLY) as sectors to watch for sector-rotation. XLE as being suspect and at risk for more or renewed under-performance and XLY as pushing further into the leading quadrant and thus expanding its out-performance. Looking at the... READ MORE
The Relative Rotation Graph holding a number of ETFs tracking various asset classes continues to be dominated, or distorted if you wish, by the two asset classes that are moving far away from the center for quite some time already. Regular readers of this blog will recognize VNQ (Vanguard REIT... READ MORE
Last Tuesday I joined Arthur Hill's market message webinar which was great fun. Not only because the (stock selection) approach we are taking makes total sense, at least that is what I tend to believe. But also because it gives Art and myself a good excuse to meet... READ MORE
In previous blogs on international (equity) markets I used to plot all markets on one RRG canvas which makes a pretty crowded picture. As most individual ticker symbols are from European markets which are much more fragmented than other global regions I have grouped them together by using one ticker... READ MORE
On the Relative Rotation Graph showing the sector rotation in the nine S&P sector ETFs there is one that really stands out. But is it good or is it bad? XLE, the Energy select sector SPDR is showing up in the top-left 'improving' quadrant with a... READ MORE
The rotation of relative trends close to "home" over the past 3-4 weeks. HOME in this context is VBINX (Vanguard Balanced Index Fund) which represents a balanced investment portfolio holding approximately 60% in Equities and 40% in bonds. The Relative Rotation Graph below shows the relative trends for... READ MORE
The Relative Rotation Graph of the 30 Dow stocks shows nicely balanced rotations. All 30 names are more or less evenly spread around on the RRG chart. This is often seen on Relative Rotation Graphs holding a closed universe of securities without one or two mega-caps distorting the picture. I... READ MORE
The Relative Rotation Graph below holds a number of international, country and regional, stock indices. In order to get a bit more clarity I have zoomed in to the central area that holds the most observations. You will see one observation "off the grid" in the top right-hand... READ MORE
The Relative Rotation Graph below holds the nine S&P sector ETFs showing the weekly relative trends against the S&P 500 (SPY) and against each other. As you can see it is pretty crowded in the top-right, leading quadrant and a lot less so in the opposite... READ MORE
The relative rotation of various asset classes continues to tell the same story as it has been doing for quite a while now. I could make this a very short article by just saying that the short version of this party line remains to be long or overweight real estate... READ MORE
In my first article of this year I talked about more developed markets improving versus Emerging Markets. In the past few weeks however I have been monitoring rotation in international equity markets with interest as I think we are at cross-roads with regard to some relationships in this universe. Obviously... READ MORE
Below is the Relative Rotation Graph holding the 30 stocks that make up the Dow Jones Industrials index. When I start analysing a universe like this I always start to look at what's going on on the outskirts of the RRG. In this case they are the names... READ MORE
It's time to check the world again. The Relative Rotation Graph below shows the relative positions and movement of international equity markets against the FTSE All World index. Please note that I am using $ ticker symbols for the actual indices and not the ETFs to avoid the currency... READ MORE
It's sector rotation time again! For those of you who haven't noticed it by now. I am (trying to) maintain some sort of subject-rotation in my blogs as well.... The subjects being; Asset Class rotation, (US) Sector rotation, International equity markets rotation, and (DOW 30) Individual... READ MORE
The Relative Rotation Graph below holds a number of ETFs that represent various asset classes while using VBINX (Vanguard Balanced Index Fund) as the benchmark. For sure that long fat green tail on VNQ catches my attention... In my last blog on asset class rotation I mentioned in the conclusions... READ MORE
Below is the weekly Relative Rotation Graph holding the constituents of the Dow Jones Industrials index. My starting point to have a look at the relative positioning and movements of its components. Many observations can be made off of this chart but I have circled a few that I want... READ MORE
The Relative Rotation Graph™ below shows the relative position and movement of international equity markets against the FTSE All World index. At one glance we can immediately see which markets deserve our attention. THAT is the big advantage of RRG™ Charts. In this case it is $PSI, the Portuguese equity... READ MORE
The Relative Rotation Graph below shows the weekly rotation pattern for the nine S&P sector ETFs. The single one sector that immediately catches attention is Energy (XLE) in the bottom left-hand corner (lagging). This is by far the weakest sector on the chart. Further to the energy sector... READ MORE
Wow...! What a difference a month makes .... I had lunch with Arthur Hill yesterday in Breda (the Netherlands) which is halfway where he lives in Belgium and where I live in the Netherlands (Amsterdam). Obviously the discussion was mainly about the freaky market move we have seen in October. At... READ MORE
The Relative Rotation Graph below shows the members of the Dow Jones Industrials index with that same index acting as the benchmark. As all members of the benchmark universe are present on the plot we call this a "closed universe". Open and Closed RRG-charts On a RRG holding... READ MORE