Ocean Voyage

Click charts to ENLARGE...

Do we want to mess with the dogs and cats or the leaders? Within the context of markets, sectors, and pairs (similar companies), it's advantageous to know the leaders.

Universe: close > 80, 60 day range > 8, average volume > 400,000...includes high, low, 30 period low, square root of price, delta from the 30 period low, and NR7 status
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Same universe, sorted by difference from 30 period low
__________________Same universe, sort by NR7 (narrowest range of 7 sessions)...price expansion, not direction forecast
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Superpowers? Technical status varies...
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Asset allocation, sorted by stochastics. Another view of relative strength and mean reversion.
____________________________________Investor preference, consumer staples (XLP) versus discretionary (XLY). A measure of speculation in a defensive versus an aggressive sector
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Tech (XLK) versus Healthcare (XLV). Is a tech rotation starting
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Stochastics oversold: SPX 8%, NDX 7%
Stocks above their ten day average: SPX 67%
Worden T2108: 50 percent (rolling over?)

The sum of the parts (data available) suggests that we are in the midst of stagflation (see the earlier post about government 'adjustment' of statistics that MINIMIZES inflation and MAXIMIZES GDP) and a bear market rally. Enjoy the fun while we try to learn every day.

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.