On this version of StockCharts TV’s Sector Spotlight, I dive into the present state of sector rotation and spotlight the connection between the Shopper Discretionary and Shopper Staples sectors, as Discretionary is attempting to drag away after a interval of indecisiveness. The XLP:XLY ratio is breaking out of its year-long vary, suggesting that the market is searching for extra offense. On high of that, the S&P 500 index seems to be executing a falling wedge on its every day chart, which is a bullish occasion. After this have a look at present markets, I decide 4 questions from the mailbag that every one heart across the identical theme of the connection between RRG, the RRG-Traces (the indications) and the uncooked relative power.
This video was initially broadcast on October 19, 2021. Click on anyplace on the Sector Highlight emblem above to view on our dedicated Sector Spotlight page, or click this link to look at on YouTube. You may also try the video on the StockCharts TV on-demand website StockChartsTV.com, or on the related app on cellular 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 could be discovered here.
I additionally not too long ago hosted the Friday, October 15 edition of StockCharts TV’s Your Daily Five. I zoomed in on firms within the monetary sector, specializing in Banks and Funding Companies shares, highlighting the truth that, regardless of seemingly constructive outcomes which are typically beating analysts’ estimates, the road is exhibiting combined responses for particular person shares.
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Suggestions, feedback or questions are welcome at Juliusdk@stockcharts.com. I can not promise to answer each message, however I’ll definitely learn them and, the place fairly doable, use the suggestions and feedback or reply questions.
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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 Drive in a number of officer ranks. He retired from the army as a captain in 1990 to enter the monetary business as a portfolio supervisor for Fairness & Legislation (now a part of AXA Funding Managers).
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