China $SHCOMP daily RSI hit 88 today, one of the highest of all time. In the 30 years of this index, extreme momentum was very rare – associated with the early stages of massive rallies. Looks like the summer could get hot. pic.twitter.com/TL7zvEVTdA — Macro Charts (@MacroCharts) July 6, 2020 Today’s Chart of the Day […]
Chart of the Day – Friday, May 29th, 2020
Another look at the anti-momentum trade over the last 2-weeks. Y-axis = 6-month momentum skipping 2 weeksX-axis = Trailing 2-week return Lower momo = better 2-week return Universe = SPX pic.twitter.com/TnSi76DnN1 — Christopher Cain, CMT (@PythonTrader) May 29, 2020 Today’s Chart of the Day was shared on Twitter by Chris Cain (@PythonTrader). It’s a scatter […]
Chart of the Day – Tuesday, September 10th, 2019
Today’s Chart of the Day was shared on Twitter by Sheldon McIntyre (@hertcapital). It’s a ratio chart showing the performance of the Momentum Factor ETF, $MTUM versus the Value Factor ETF, $VLUE. Over the past few days, there has been a sharp rotation out of Momentum stocks and into Value stocks. Sheldon points out that […]
Factor Battle
Over the last two trading sessions, there has been a lot of buzz around the performance between two “corners” of the market. However, these are not stocks in a specific sector or industry, but instead, we are talking about the returns among factors. And two factors in particular: Momentum ($MTUM) and Value ($RPV $SPYV). If […]
Gold, Apple, and Louise Yamada’s Journey
Recently, the famed Louise Yamada gave an interview on Palisade Radio. While she covered a few topics, the one that I found most interesting was how she stumbled upon technical analysis to begin with, kick-starting a career that would lead her to become one of the most well-known technicians of our time. Louise begins by […]
