Chart of the Day
Two ideas to think about today: First, there are many ways to track relative strength. One of the simplest is just to look at returns (returns are simply a way of saying "percent changes") over time period (a month, 6 months, a year, etc), but this method suffers
Chart of the Day
I find it useful to drill down into each major sector and look at the behavior of individual names. One way to do this (and one I highly recommend) is to flip through charts of the entire S&P 500 every day, but that is time consuming and not
Chart of the Day
Swing charts can clarify structure and eliminate noise. This is a daily chart of the S&P 500 (cash index) with our AlgoSwings® indicator applied on two timeframes. This tool does a fantastic job of eliminating the noise and highlighting the important market structure (but remember that it is
Chart of the Day
I am deeply suspicious of most indicators, most of the time. Indicators (with a few exceptions) reprocess the same open, high, low, close, and maybe volume data, and present it in a different format, usually with the addition of a good deal of lag. However, sometimes indicators can reveal structure
Chart of the Day
Do you trade spreads? If not, you might ask yourself why not. This is a longer-term chart of the performance of Consumer Discretionary stocks (XLY) relative to the broad market (S&P 500, SPY). A few points: trends in spreads can persist for many years, and can be much