The Relative Rotation Graph above holds the 30 stocks that make up the Dow Jones Industrials Index and compares their relative rotation to $INDU.
From the first observation of this chart, a few tails/stocks catch the eye. First, there is BA in the top-right, leading, quadrant still powering further on both axes. Also inside or just entering the leading quadrant are NKE and JPM. Both seem to have a strong RRG-Heading but last week's price action does not look very supportive. I prefer a wait and see approach in such cases.
Inside the Weakening quadrant, AAPL attracts attention as it has stopped moving lower on the JdK RS-Momentum axis and started turning back up. This could be the start of another relative leg higher and deserves a closer look.
Within the boundaries of the lagging quadrant, IBM and GE are to the far left of the spectrum, and after a move higher on the JdK RS-Momentum axis they started heading further left again which is not a strong sign.
Crossing into the improving quadrant from lagging we find PG and PFE close together; I am interested to look at the charts of those two stocks and see if we can find a preference for one or the other.
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