RRG Charts

March 2019

RRG Charts

When In Canada.. Do As The Canadians, And Avoid The Consumer Discretionary Sector..

by Julius de Kempenaer

Last night I arrived in Toronto for a weekend with my son and his family, before heading towards New York to attend the CMTA symposium next week. So for this article, it only seems appropriate to have a look at the Canadian sector landscape from an RRG perspective. The Relative Rotation Graph above shows the rotation of the nine Canadian sector indexes (capped) against the TSX composite index ($TSX). Zooming In The picture on the RRG shows a somewhat tilted universe dragged into the upper right (leading) quadrant by the Read More 

RRG Charts

Europe vs The USA... And The Winner Is ....

by Julius de Kempenaer

I like to keep an eye on what's going on in the world around us. That means also monitoring what's happening in markets that are maybe not directly of interest when it comes to trading or investing. For stock markets around the world I like to use the pre-defined group "International Stockmarket Indexes" on the RRG page. The resulting Relative Rotation Graph populated with this group is shown above. The benchmark for this universe is the Dow Jones Global Index ($DJW). At first glance we can see five markets rapidly moving lower on the Jdk RS-Momentum scale Read More 

RRG Charts

Something that makes me go ...Hmmmmmmm?

by Julius de Kempenaer

The daily RRG for US sectors shows a lot of sectors "hooking" lower and only two sectors that are, still, at a positive RRG-Heading, ie rising on both axes. The chart above is showing a 5-day tail on every sector. if we look at the lengths and trajectories of these tails a few things catch my attention. The first observation is the ultra-short tail on the Technology sectors. XLK is positioned almost ON the horizontal axis and reading from the color just inside the weakening quadrant and it looks like a single dot. This Read More 

RRG Charts

Materials Sector Rolling over On Both The Weekly And The Daily RRG

by Julius de Kempenaer

The chart above shows the weekly rotation for the Materials sector, XLB, within the universe of US sectors against SPY. After the tail turned upward inside the lagging quadrant, XLB kept up with the performance of SPY and moderately outperformed the market until the sector started to lose relative momentum again in the week of 21 Jan and 28 Jan when the tail started to roll over downward again without having reached the leading quadrant. This loss of relative momentum, declining Jdk RS-Momentum, is still ongoing and pointing the tail on XLB towards the lagging quadrant Read More