RRG Charts

October 2018

RRG Charts

Markets are cracking. Is it just another dip or are we witnessing a bigger event in the making?

by Julius de Kempenaer

The general market conditions for the various major indexes have been commented on extensively by other commentators here on the site. There is no doubt that there is more rumble in the markets now than we have seen for a long time. IMHO this makes it an interesting time for analysts and investors alike and a good thing to do, as Greg Schnell pointed out nicely in his recent article, is to zoom out. You do not want to get caught in micro-analysis while the bigger picture is shifting. My favorite BIG PICTURE tool is, obviously ;) , the RRG showing various asset Read More 

RRG Charts

Break in $NIFTY re-shuffles sector rotation in India

by Julius de Kempenaer

This article is an extended and updated version of the article that appeared in last weekend's Chartwatchers newsletter. The Indian $NIFTY Index dropped out of an almost three-year uptrend at the close of last week. The rising support line that started at the low in early 2016 did not manage to hold up and was clearly broken during last week's market action. This move changes the dynamics of the Indian stock market. On the weekly chart above a new series of lower highs and lower lows has not (yet) begun. So technically it is not a downtrend yet. On Read More 

RRG Charts

XLV continues strong in leading quadrant, XLF and XLB snap lower on Relative Strength

by Julius de Kempenaer

On the Relative Rotation Graph for US sectors, the Healthcare sector continues strong into the leading quadrant at a steady pace (RS Momentum). Two sectors that are showing a sudden weakness in relative strength, and therefore deserve our attention, are Materials (XLB) and Financials (XLF). Summary Healthcare (XLV) moving further into leading quadrant at a steady pace Materials (XLB) snapping back into moving lower on JdK RS-Ratio scale Financials (XLF) hooking lower after a few weeks of rotation Read More