The Relative Rotation Graph with the Dow Jones Industrials stocks once again shows some interesting moves. There are a few long tails that catch my attention for a quick inspection but in this article, I want to pay a closer look at some stocks with remarkably short tails. One of them being Apple Inc. (AAPL).
Last week I received a question from a StockCharts.com user on RRG charts via e-mail. Usually, I try to answer such questions in 1-1 fashion by replying to the particular email. Most of the time this involves pointing to information on Relative Rotation Graphs that is already present in some ChartSchool articles.
However the question at hand could be something that more people might wonder about, and although I think it could be answered by just pointing to some chartschool articles, it may need some extra clarification.
- MS weakest stock in the universe
- Don't chase PSA
- AXP continues to nose-dive
- VTR accelerating into lagging quadrant
- BK ready to break higher
- AFL offering opportunities
- XLE and XLB expected to turn back to lagging quadrant again
- XLI improving further towards leading
- XLK holding up well inside positive territory
- XLP and XLU both weakening but wider rotation for XLU
- XLF bottoming out in relative trading range?
- Big rotation among members of the Dow Jones Industrials Index
- DD came to life surprisingly strong
- CVX and UTX still expected to rotate back down again to lagging quadrant
- WMT, CAT and IBM all moving further into the lagging quadrant confirming their relative weakness
- UNH and AXP entering the danger zone
- MCD and GE strong inside leading quadrant
- Commodities threatening to break down yet again
- Bond rally starting to fade already, halting turn for the better
- S&P 500 leading in international equity rotation
- Information Technology standing out in S&P universe
- Weak rotation for HPQ, SYMC and IBM
- MU not expected to reach leading quadrant
- NVDA, ATVI and FIS show stable relative uptrends
- Opportunities for INTC, SNDK and MSFT
- Health Care (XLV) catching a cold as it is rolling over
- Financials (XLF) at crossroads, needing to unlock one of two scenarios in coming weeks
- Energy and Materials gaining relative momentum inside the improving quadrant, but follow-through is questionable
- Utilities, Staples and Discretionary stable inside the leading quadrant
- Information Technology the sector to watch for further improvement in coming weeks.
In my recurring cycle of blog subjects, it is time to take a look at the components of the Dow Jones Industrials index again.
Once again there is a lot to see on the Relative Rotation Graph for this universe. We have GS, JPM and DIS nose-diving into the lagging quadrant on the bottom of the chart. Opposite of that, we find INTC racing into the leading quadrant with a long tail and at very high JdK RS-Momentum levels. On the (far) left side of the chart we find three stocks moving almost vertically into or nearing the improving quadrant but these moves are suspect to me and I'll explain to get deeper into that further down in this article. And finally we find a number of stable outperformers on the right-hand side and inside the leading quadrant. Names like NKE, HD, MCD and AXP are catching my eye.