ROTATION
Currently, who is stronger than SPY?
If you are colored green, you are relatively stronger than SPY and you are a contender.
If you are colored red, you are relatively weaker than SPY and you will be asked to wait until you gain more relative strength.
Daily:
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Some long term indicators which used to reliable are just not working. A good example is monthly PPO. On the other hand all kinds of momentum indicators (not shown here) are doing fine. Here monthly PPO which has been yelling "sell" to no avail
uempel wrote:Some long term indicators which used to reliable are just not working. A good example is monthly PPO. On the other hand all kinds of momentum indicators (not shown here) are doing fine. Here monthly PPO which has been yelling "sell" to no avail
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I see no sign of weakness, buy to continue, was expecting a turn around Tuesday like most but I haven't seen anything weakening sign. at close yesterday from looking at $CPC/$CPCE, there is a complacency sign that was it.
My comments are for entertainment/educational purpose only. NOT a trade advice.
3rd test, i hope it means breakout this time for real.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
uempel wrote:Some long term indicators which used to reliable are just not working. A good example is monthly PPO. On the other hand all kinds of momentum indicators (not shown here) are doing fine. Here monthly PPO which has been yelling "sell" to no avail