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 […]
Real Leadership: Relative Strength vs New Highs
On Monday, Instinet’s Frank Cappelleri posed the following question in his morning note: “So, what are the true leaders? The areas that are UP the most from the lows? Or the ones that are the first to make NEW HIGHS?” I thought this was a great point as we have a dichotomy in the market right […]
“Momentum Monday” with Howard Lindzon
Howard Lindzon and Ivaylo Ivanov were back again this week with some awesome charts. But before we get started, I’d like to point out a bit of sentiment that is shared, and one that I tend to agree with: “Market breadth hasn’t been so good in years. We see strength in so many different sectors and […]
