Chart of the Day: Global Relative Strength
Two ideas to think about today: First, there are many ways to track relative strength. One of the simplest is just to look at returns (returns are simply a way…
Chart of the Day: Sector Analysis
I find it useful to drill down into each major sector and look at the behavior of individual names. One way to do this (and one I highly recommend) is…
Chart of the Day: S&P 500 Swings
Swing charts can clarify structure and eliminate noise. This is a daily chart of the S&P 500 (cash index) with our AlgoSwings® indicator applied on two timeframes. This tool does…
Course Update
[dc]I[/dc] want to take a moment today to share a bit about the trading course I am creating. For those of you who someone have escaped my barrage of tweets…
Chart of the Day: Gold
I am deeply suspicious of most indicators, most of the time. Indicators (with a few exceptions) reprocess the same open, high, low, close, and maybe volume data, and present it…
Chart of the Day: XLY/SPY Spread
Do you trade spreads? If not, you might ask yourself why not. This is a longer-term chart of the performance of Consumer Discretionary stocks (XLY) relative to the broad market…