RRG Charts

October 2014

RRG Charts

US Equities remain firmly in the lead

by Julius de Kempenaer

The landscape for international equities continues to show a rotation out of Emerging Markets into more developed markets. At least that is the big picture. There are a few ways that we can use to approach this equity universe and I will use three different relative rotation graphs in this blog for that purpose. The first RRG takes the pre-defined,  international ETFs, universe from the drop-down box on the RRG start page. I have added symbol FXI for China (mental memo, I will ask SCC to add this symbol to the pre-defined universe) and we'll leave the benchmark at SPY for the time Read More 

RRG Charts

Energy continues weakness but Financials rotating into leading quadrant

by Julius de Kempenaer

Printed below is the weekly Relative Rotation Graph(tm) of the nine S&P sector ETFs against SPY. The clear eye-catcher on this picture is the move of XLE (Energy) deep inside the lagging quadrant and still heading deeper into it. The second observation is that the strong relative trend for XLK (technology) got damaged in the recent market decline and the sector moved into the weakening quadrant. On a more positive note we see that XLF (Financials) has been able to keep up its improving relative strength over the past few weeks and is now entering the leading quadrant Read More 

RRG Charts

Commmmmmodities and Real(ly weak)-Estate

by Julius de Kempenaer

On the Relative Rotation Graph holding a number of, indices representing various, Asset Classes there are two that are standing out and deserve our attention. The first one is Commodities and the second one is Real-Estate. The graph below shows the weekly RRG chart for asset classes with a five week trail. The chart uses the Vanguard Balanced Index Fund (VBINX) as its benchmark. Commodities Clearly Commodities stand out deep inside the lower-left hand, lagging, quadrant. As a matter of fact they are so far off that they are distorting the rotational Read More