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.
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