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On this version of StockCharts TV’s Sector Spotlight, I begin the month by evaluating the month-to-month charts for asset lessons and sectors. Regardless of the weak ending of the month in September, three sectors managed to squeeze out a brand new all-time-high. Nevertheless, none of them have been capable of maintain on to those file ranges as, for the primary time in lots of months, there was not a single sector closing at a brand new closing excessive. The bond market has put in a brand new decrease excessive on the month-to-month chart and appears poised to move decrease. The Industrials sector broke under its earlier low on the month-to-month chart, which indicators the beginning of a downtrend on this time-frame. And the S&P 500 recorded a bearish engulfing candle on the month-to-month chart, which often doesn’t bode properly for the close to future.
This video was initially broadcast on October 5, 2021. Click on wherever on the Sector Highlight brand above to view on our dedicated Sector Spotlight page, or click this link to observe on YouTube. You can too take a look at the video on the StockCharts TV on-demand website StockChartsTV.com, or on the related app on cell platforms like iOS and Android, or TV platforms like Roku, Apple TV, Amazon Fireplace TV and Chromecast.
Sector Highlight airs weekly on Tuesdays at 10:30-11:00am ET. Previous episodes might be discovered here.
#StaySafe, -Julius
Julius de Kempenaer
Senior Technical Analyst, StockCharts.com
Creator, Relative Rotation Graphs
Founder, RRG Research
Host of: Sector Spotlight
Please discover my handles for social media channels below the Bio under.
Suggestions, feedback or questions are welcome at Juliusdk@stockcharts.com. I can’t promise to answer each message, however I’ll actually learn them and, the place moderately attainable, use the suggestions and feedback or reply questions.
To debate RRG with me on S.C.A.N., tag me utilizing the deal with Julius_RRG.
RRG, Relative Rotation Graphs, JdK RS-Ratio, and JdK RS-Momentum are registered logos of RRG Analysis.
Julius de Kempenaer is the creator of Relative Rotation Graphs™. This distinctive methodology to visualise relative power inside a universe of securities was first launched on Bloomberg skilled companies terminals in January of 2011 and was launched on StockCharts.com in July of 2014.
After graduating from the Dutch Royal Army Academy, Julius served within the Dutch Air Pressure in a number of officer ranks. He retired from the navy as a captain in 1990 to enter the monetary trade as a portfolio supervisor for Fairness & Legislation (now a part of AXA Funding Managers).
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