Al_Dente wrote:New stockcharts visual:
RRG scatter plot with a 10-week tail shows momentum and relative strength vs SPX
Currently it shows NDX, OEX and TRAN in the leading quadrant (green), and the INDU weak, etc.
It is customizable for stockcharts subscribers http://stockcharts.com/docs/doku.php?id ... rrg-charts
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off topic:
Last week SPX made three consecutive all-time-highs (7/22-23-24) and the dow INDU made none (non-confirmation)
As of Friday, dow participation was only 46% (% of stocks above 20ma), and that is weak.
Even a generous up-trend line was breached.
Caution is prudent
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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$RUT daily... testing 21 month uptrend of sorts..(could spike down to light grey/red).... break it.. look for red.. break red... .Houston we have a problem
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