Those of you who regularly watch Sector Spotlight on StockchartsTV will know that I have a few segments that come back on a regular basis. Every last Tuesday of the month I discuss the seasonality for sectors going into the new month to see if the historical seasonal pattern aligns... READ MORE
In this edition of StockCharts TV's Sector Spotlight, after an update on the current rotations for various asset classes, I look at the sector rotation model and and try to make an assessment on where, and which phase, we currently are in the market cycle. I evaluate the... READ MORE
The chart above is the monthly chart for the materials sector $SPM, which I discussed in this week's episode of Sector Spotlight while going through the completed monthly charts for June. Materials Sector Completing Big Top Formation $SPM especially stands out, as the sector very clearly completed a... READ MORE
In this edition of StockCharts TV's Sector Spotlight, to kick off the month of July, I dive into the status of the long-term trends as they are unfolding on the monthly charts. The main message from the asset classes is that the bond market is clear: Corporate- and... READ MORE
The Financial sector qualifies as an offensive, or cyclical, sector, together with Consumer Discretionary, Real-Estate and Materials. On the Relative Rotation Graph for sectors, XLF is showing up inside the lagging quadrant, signaling a relative downtrend vs. the benchmark (SPY). It is interesting to see that XLF is the only... READ MORE
Yes, Technical Analysis can be (very) subjective at times. Different (types of) investors interpret charts differently. And yes, more quant-based technical approaches can make interpretation of charts or time series less subjective. Personally, I am probably somewhere in the middle of the spectrum. BUT, looking at the chart of the... READ MORE
In this edition of StockCharts TV's Sector Spotlight, for this last Tuesday of the month, I take a look at seasonal sector rotation and try to align that with the current reality to see if meaningful matches can be found. For this month, four sectors are providing potentially... READ MORE
Following the recent bounce in the stock market, predominantly driven by growth stocks, I wanted to investigate the rotations within the NYFANG+ index (or should it be NYMANA, nowadays?). This is a group of mega-cap stocks from the technology, consumer discretionary and communication services sectors. When we look at the... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I kick off the show by answering two questions from the mailbag. I then move on to the current rotation of asset classes, observing that a more pronounced pause in the turnaround for commodities seems imminent. Meanwhile, signals suggesting a... READ MORE
In my previous article, as well as in Tuesday's Sector Spotlight show, I touched on using Relative Rotation Graphs for gauging market breadth, showing this combination chart. This image combines 12 Relative Rotation Graphs using $ONE as the benchmark, and it tells me, and I hope you as... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I jump right into the rotations for asset classes and sectors. At asset class level, the only things that go up in price are commodities; the USD has made a strong move and is back on track. Meanwhile, both stocks... READ MORE
Weekly The Relative Rotation Graph for US sectors is arriving at an important juncture. For months the defensive sectors have been the leading segment in the S&P, even before the peak was reached Utilities, Staples, and Healthcare started leading the market from a relative perspective. These sectors were... READ MORE
In this edition of StockCharts TV's Sector Spotlight, after addressing seasonality and monthly charts in last week's episode, I go back to talking you through the current rotations in Asset Classes and Sectors. The big picture is still for stocks going through a temporary recovery within... READ MORE
Breaking down the US sector universe into three groups (as opposed to two) -- Offensive/Cyclical, Defensive and Sensitive -- shows the current rotations as seen in the Relative Rotation Graphs above. It is pretty clear, IMHO, that the defensive group (still) stands out. All three sectors -- Consumer Staples,... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I begin with an update on current rotations in asset classes and sectors, highlighting continued strength for defensive sectors. As this Tuesday (5/31) is both the last Tuesday of the month (of May) and the end of the month,... READ MORE
If there is one chart we should be watching at the moment, it should be, IMHO, the ratio between Growth and Value stocks. The image above shows this relation on a weekly chart going back 15 years. After a multi-year rising trend and an almost exponential acceleration in 2019-2020, a... READ MORE
The RRG below shows the tails for the DJ Growth and -Value indexes against the DJ US index. In January of this year, the Value tail crossed over into the leading quadrant while, at the same time, Growth crossed into the lagging quadrant. After a strong stint, the tails started... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I talk you through the rotations for asset classes and sectors as they are currently unfolding. At asset class level, the improvement for fixed-income-related assets is worth noticing, as it is pushing stocks (SPY) down and into the lagging quadrant... READ MORE
For a bird's eye view of developments in international stock markets, I use a Relative Rotation Graph that shows the rotations for a group of international stock indexes. The RRG below shows the weekly rotation for this group. You can find this under the pre-defined groups in the... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I very briefly touch on the rotation for asset classes, then spends a bit more time on sectors. I highlight how defensive sectors are still in the driving seat, but also alerting that one sector that could come up as... READ MORE
Following my article "Which Stocks Inside The Dow Are Worth Holding?", I received a few questions on using $ONE as the benchmark for a Relative Rotation Graph and whether it would be the better benchmark to use. The honest answer to that question? It depends. Let Me Explain... READ MORE
In this edition of StockCharts TV's Sector Spotlight, after looking at seasonality and long-term monthly charts in the last two episodes, I dive deep into the current sector rotation as it is playing out in the S&P 500 at the moment. The most important takeaway is... READ MORE
The Relative Rotation Graph that shows the rotation for currencies against the USD as the base is sending us a very clear picture! USD Strength The graph holds the G10 currencies. As we are plotting against the USD base, it means that there are nine tails on the canvas and... READ MORE
The current sector rotation still shows all defensive sectors inside the leading quadrant, albeit with a slight loss of relative momentum (JdK RS-Momentum scale). Nevertheless, the relative uptrends in those sectors are still intact. Consumer Staples Relative strength of the staples sector vs. SPY is in a clear pattern of... READ MORE
In this edition of StockCharts TV's Sector Spotlight, for this first Tuesday for the month of May, I review the completed monthly charts for April. This process takes up almost the entire show, so you will get a thorough feel for what's going on at the... READ MORE
With the general market going through a rough time at the moment, it makes sense to see if we can find pockets that are worth watching and potentially holding in portfolios. For this occasion, I am using the DJ Industrials universe. As you know Relative Rotation Graphs are based on... READ MORE
In this edition of StockCharts TV's Sector Spotlight, as it is the last Tuesday of the month, I bring in my analysis of the seasonal patterns for sectors for the new month (of May) and try to align them with the current rotations as I see them unfolding... READ MORE
How can we ride out this bear market? Before we can answer that question, we first have to define what qualifies as a bear market. Very often, a decline of 20% or more from the most recent high is used as a yardstick to define a bear market. That seems... READ MORE
When I brought up the Relative Rotation Graph showing the NYFANG components against $SPX, I made a few interesting observations. In general, the rotation of almost all tails looks horrible. They are either already inside the lagging quadrant (and) at a negative RRG-Heading, or rotating back to lagging. The two... READ MORE
In this week's episode of Sector Spotlight, I had planned to also do a review of the current growth/value rotation. Due to bad timing on my side, or talking too long on the breakdown of sectors into cyclical, defensive and sensitive in large-cap, equal-weight and small-cap universes,... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I briefly look at the current rotations in asset classes, then dive into sectors. After a look at what happened last week, I break down the sector universes into cyclical/offensive, defensive and sensitive, then compare the rotations between large-cap,... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I take a look at last week's rotations for asset classes and sectors, noticing the improving relative strength for stocks vs. bonds but a general weakening of both stock and bond markets in price terms. The rapid rise... READ MORE
Every quarter, I try to do an update of the Sector Rotation Model. We have the framework as described by Sam Stovall here on the site. The image above shows my interpretation of the various factors that affect this model. Across the top, you will find the eleven sectors. The... READ MORE
The Relative Rotation Graph above shows the members of the DJ Industrials index against $ONE as the benchmark. This way of looking at RRG helps us to gauge the price trends within the universe. You can see quite clearly that the majority of the tails are inside the lagging quadrant,... READ MORE
In this edition of StockCharts TV's Sector Spotlight, for this first Tuesday in April, I present the monthly charts for asset classes and sectors to the forefront again. After a review of last week's rotations, I bring up the monthly charts for the most important asset... READ MORE
Sometimes less is more. When things are messy and there are a lot of things that are moving markets I usually like to take a step back and look at some of the very basic stuff to get rid of all the noise and clutter. On this occasion, I thought... READ MORE
In this edition of StockCharts TV's Sector Spotlight, after having missed last week's show, I catch up with a discussion on rotations for asset classes and sectors, in particular pointing out the rapidly-rising interest rates and their potential impact on stocks. The near-term rotations are in... READ MORE
The interest in Bitcoin or, more generally, cryptocurrencies comes and goes, and the moves are highly volatile from time to time. Nevertheless, this investment space is becoming more and more mainstream and, no matter what your personal opinion is, it is more and more a force to be reckoned with.... READ MORE
The materials sector has recently started to pick up relative strength again following a loss of relative momentum while inside the leading quadrant. The RRG above, with the XLB tail highlighted, is a nice example of how RRG-Velocity, which measures the week-to-week distances on the tail, started to shrink before... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I address last week's rotations for asset classes and sectors. After that, I look deeper into the current structure of the S&P 500 chart in combination with the RSI and discuss the interpretation of the current... READ MORE