On this edition of StockCharts TV's Sector Spotlight, I start with the usual overview of last week's rotations in asset classes and sectors, blending those observations in with a look at the weekly Relative Rotation Graphs to identify meaningful relative trends. On the Asset Class side, the chart of GOVT is giving some warning signals, while, at the sector level, Technology and Consumer Discretionary remain weak and a potential danger for the developments in SPY. It remains to be seen whether the bounce after last week's decline was enough to digest all that buying that took place over the last months. At the end of the show, I respond to a user comment under last week's video highlighting an old article that very much applies to that comment.
This video was originally broadcast on May 18th, 2021.Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight page, or click this link to watch on YouTube. You can also check out the video on the StockCharts TV on-demand website StockChartsTV.com, or on the associated app on mobile platforms like iOS and Android, or TV platforms like Roku, Apple TV, Amazon Fire TV and Chromecast.
Sector Spotlight airs weekly on Tuesdays at 10:30-11:00am ET. Past episodes can be found here.
#StaySafe, -Julius
Julius de Kempenaer
Senior Technical Analyst, StockCharts.com
Creator, Relative Rotation Graphs
Founder, RRG Research
Host of: Sector Spotlight
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