Using Trends and Relative Strength Trends In Market and Technical Analysis
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Moderately Good News and Bad News: The following industry groups have a mixed bag in terms of relative strength. Unfortunately, we see nothing to get excited about in terms of price action. Banks have shown some improvement in relative strength, but no decisive breakout to the upside.
Banks: Relative Strength Trend
Share prices of banks continue to suffer.
Banks: Price Trend
Energy stocks have managed to stay within a basic upward sloping trend channel in terms of relative strength.
Energy: Relative Strength Trend
The story in terms of price for energy stocks remains concerning. The trend remains firmly down and includes the potential for more downside.
Energy: Price Trend
Commercial Services & Supplies: Moderately Good News - Relative Strength (in 2008)
Commercial Services & Supplies: Bad News - Price Trend
Retailing: Moderately Good News - Relative Strength (in 2008)
Retailing: Bad News - Price Trend
The Bad News and The Bad News
Automobiles, financials, capital goods, insurance, consumer durables, and materials all have negative relative strength trends and negative price trends. From an economic standpoint, weakness in these industry groups is not bullish for the general stock market.
Automobiles: Bad News - Relative Strength Trends
Automobiles: Bad News - Price Trends
Financials: Bad News - Relative Strength Trends
Financials: Bad News - Price Trends
Capital Goods: Bad News - Relative Strength Trends
Capital Goods: Bad News - Price Trends
Insurance: Bad News - Relative Strength Trends
Insurance: Bad News - Price Trends
Consumer Durables: Bad News - Relative Strength Trends
Consumer Durables: Bad News - Price Trends
Materials: Bad News - Relative Strength Trends
Materials: Bad News - Price Trends
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Commodities, Gold, and the Dollar Not Forecasting Inflation Yet
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