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
It's very clear that the Energy sector is the strongest sector inside the S&P 500 over the last several months. The tail on the Relative Rotation Graph above shows the rotation that the sector went through. The "hook" back up to leading from weakening... READ MORE
The Relative Rotation Graph above shows the rotation for a group of cryptocurrencies against BTC on a daily time frame. Looking at this chart, the tail for $XMRUSD stands out. Almost all the tails are traveling in an NW direction, which means that they are improving against BTC. However, the... READ MORE
Yesterday (Wed 3/9), the S&P bounced up around 2.5%... And although it is a nice jump after all the declines we have seen recently, it doesn't impress me much. At least not enough to get very bullish again all of a sudden. Of course,... READ MORE
In this edition of StockCharts TV's Sector Spotlight, after another volatile week, I take a look at rotations as they unfolded in Asset Classes and sectors where I find defensive sectors topping the charts. Following the events in Eastern Europe between Russia and Ukraine, I take another look... READ MORE
In this edition of StockCharts TV's Sector Spotlight, as it is the first Tuesday of the month, I take on the monthly charts for February. After a short look at the current rotations for Asset Classes and Sectors, I jump into the long-term trends as they are unfolding... READ MORE
In my article for the ChartWatchers newsletter this weekend, I wrote about the rotation of various stock markets against the DJ Global Index. On that Relative Rotation Graph, Europe had moved into the leading quadrant, but has since almost immediately started to lose relative momentum. The US market (SPY) had... READ MORE
What a surreal experience it was waking up on Thursday morning. Switching on the news and seeing that Russia has actually invaded Ukraine. For us Europeans, wars since WWII have always been fought far away from home in Afghanistan, former Yugoslavia, Iraq, Iran, Kuwait, etc. But this is literally in... READ MORE
On this week's episode of Sector Spotlight, I discussed the chart of SPY, as it is approaching an important support area between 420-425. The updated version of this chart is printed above and, as you can see, the market is getting closer and closer to this important support... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I take on the rotations in asset classes and US sectors as they unfolded last week. Because it is the last Tuesday of the month, a look at seasonality, in combination with current rotations, is also on the menu. I... READ MORE
Correlation is a useful metric to use when trying to gauge the direction of the market. The table above shows the correlations for the 12 sectors against the S&P 500. In this version, I used a 6-month period to calculate the correlation; the drop-down selector allows users to... READ MORE
In this edition of StockCharts TV's Sector Spotlight, I go over last week's rotations in Asset Classes and Sectors and put these into a weekly perspective. In the Asset Class section, I zoom in on Stocks, Bonds and Commodities. In sectors, I look at rotations for... READ MORE
This Relative Rotation Graph shows the rotation for the NYFANG+ members over the last thirteen weeks (quarter). Plotting this universe against the S&P 500 index clearly shows the weakness that crept into this universe recently. Leading Quadrant AAPL is the only stock that managed to keep up inside... READ MORE
The Technology sector is under pressure for a few weeks already. We have seen a few attempts to bounce back but, so far, these have not been very successful. The Relative Rotation Graph above shows the groups within the technology sector. The Semiconductors group was a major contributor on the... READ MORE
In this edition of StockCharts TV's Sector Spotlight, after last week's look at long-term trends on monthly charts, I focus on daily and weekly rotations as I see them in asset classes and sectors. In the asset class segment, developments in the bond markets play a... READ MORE
Big drops call for big recoveries, but it's dangerous to watch these moves in isolation. The S&P 500 dropped roughly 60 points from its peak at 480 at the start of the year to find a low recently around 420. Out of that low, the market... READ MORE
In this edition of StockCharts TV's Sector Spotlight, after a volatile week in the markets and the completion of the monthly charts for January on Monday (1/31), now is a perfect moment to take a good look at the developments on these long-term charts. In the Asset... READ MORE