StockCharts Logo StockCharts Icon
  • Log In
  • Sign Up
  • Welcome
    •   Your ChartLists
    •   Your Scans
    •   Your Alerts
    •   Your Account
    •   Support Center
    •   Contact Us
    •   Log Out
  • Symbol Summary
  • SharpChart
  • ACP
  • Point & Figure
  • GalleryView
  • PerfChart
  • CandleGlance
  • Seasonality
  • RRG
  • Symbol Lookup
  • Charts & Tools
  • Articles
  • StockCharts TV LIVE
  • ChartSchool
  • Your Dashboard
  • Help

Public ChartLists

Back to All Public ChartLists
  • First
  • 1
  • 2
  • 3
  • 4
  • 5
  • Last
10 Per Page View
ChartBook View
* Play or stay away? Charts to answer the questions. Feedback
George Sopp
George Sopp
Play relative strength games when markets are strong, but it is also good to know when to get out.
Author is a PRO member
  • Rank: 36
  • Followers: 27
  • Votes: 141
  • Years Member: 2
  • Last Update: 1 March 2021, 9:23
  • Categories:
    Market Timing
    Market Breadth Analysis
    General Market Commentary
Market assessment 20210228

The week was even worse than expected (S&P -2.5% and Nasdaq -4.9%). The original plan for the week was to make buys to get ready for a strong first week of March but the plans changed mid-week. It was prudent to go into protect mode and reduce exposure (sell some).

There are no signs of market meltdown and I am still looking forward to a good first week of March and ready to act quickly. (See Chart 103 comments on why I think the correction may be over.)

However, there will need to be signs of strength before getting fully invested. One example of what I want to see is the S&P to finish the days above its 5-day moving average.

Real assets are developing: commodities (oil, copper, steel, etc) and real estate. Industrials too.

ARK funds large buys: ACIC BFLY CMLF PLTR TWTR and large sells: AAPL SNAP TCEHY TSM

Spreadsheet to see trends in ARK:
https://docs.google.com/spreadsheets/d/1xMnn8lz5lVQTxfa1QyITCpOP3KUELvAfuhfY-wAcfb0/edit#gid=184082714

Chart comments:
101 Buy-and-Holders: Fed has your back = bullish
102 Investors: bullish
103 Swing Traders: caution
105 Storm Track: short term bearish
106 Aggressive?: on edge
107 Defensive?: down = bullish for market
108 Top?: no top indicated
109 Bottom?: no bottom indicated
110 Intermarket: bullish
111-113: Sector relative strength: tech down but indus. and energy up = bullish rotation
114 Cap size & growth/value: rotate to value = bullish
115 Factors: reversion to the mean = bullish
116 US Dollar: borderline bullish
117: Asset Rotation: Stocks 2, Bonds 0, Real Estate 3, Gold 1
400-405: Factor ETFs and relative strength (RS) versions as well
5XX-6XX: ETF charts for my son to reference

-----------------------------------------
"Trading in the Zone" by Mark Douglas about the mental game.

Note: Profile says PRO but I am an engineer. Updates on weekends.

"It is enough to identify prevailing conditions and respond to them as they change, without any need to predict." -- John Hussman

All information is strictly for education. .
Auto-Size Charts
112 Sectors 2 - Financial, Health, Energy, Materials

113 Sectors 3 - Real Estate, Staples, Utilities

114 Best Current Market Proxy

115 Factors

116 US Dollar Study

117 Asset Rotation Study

118 Example of daily chart used for stock selection

400-RS Bonds

401-RS Consumer Discretionary and Staples Industries

Various ETFs across the consumer industries (for reference only).

XLY Consumer Discretionary
XLP Consumer Staples
ITB Home Construction
XRT Retail
PEJ Leisure: HLT YUMC VIAC DIS
PBJ Food

402-RS Energy and Utilities Industries

Various ETFs across the energy and utilities industries (for reference only).

XLE Energy
XLU Utilities
BNO Oil
XOP Oil Exploration and Production: DVN PE MPC OXY
IEZ Oil Equipment and Services: SLB HAL BKR HP
ICLN Clean Energy
KOL Coal
PDBC Commodities

Back to All Public ChartLists
report offensive material
  • First
  • 1
  • 2
  • 3
  • 4
  • 5
  • Last
10 Per Page View
ChartBook View

This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Service for more details.

Expert market commentary delivered right to your inbox, for free.

Sign up for our weekly ChartWatchers Newsletter

Learn More  

On StockCharts

  • Charts & Tools
  • Articles
  • StockCharts TV
  • ChartSchool

Members

  • Your Dashboard
  • Your ChartLists
  • Advanced Scans
  • Technical Alerts

Help

  • Support Center
  • FAQs
  • Contact Us
  • Symbol Catalog
  • Pricing

Company

  • About Us
  • Press
  • Careers
  • StockCharts Store
StockCharts.com Logo

© StockCharts.com, Inc. All Rights Reserved.

  • Terms of Service
  • Privacy Statement
  • Site Map

Market data provided by Xignite, Inc. Commodity and historical index data provided by Pinnacle Data Corporation. Cryptocurrency data provided by CryptoCompare. Unless otherwise indicated, all data is delayed by 15 minutes. The information provided by StockCharts.com, Inc. is not investment advice. Trading and investing in financial markets involves risk. You are responsible for your own investment decisions.