Discover and read the best of Twitter Threads about #relativestrength

Most recents (15)

Before I sign off I wanted to show you a chart I stumbled upon in today's am/FX by @donnelly_brent (you miss a lot if you do not follow/subscribe)

In this market more than ever, one has to be open minded.

Daily observations below after which go read the rest of his piece 👇
@donnelly_brent Under the radar📡:

1. Relative strength: megas, $XHB, $XME
#relativestrength
2. Relative weakness: $XLP, $SMH, $HG_F
#relativeweaknes
@donnelly_brent Relative strength notes 🟢:

1. $XHB - loved the long-end rates move

2. $XME - new high close for the year

3. megas finally up from oversold levels - $AAPL, $AMZN, $GOOG, $META
Read 6 tweets
Let's go back to the previous times gaps ups / downs were bought / faded with relation to inflation (= you are invited to have a look at my memory bias)

The chart and subsequent observations are below, the takeaway is up to you but I got my short expo decreased
Under the radar📡:

1. Relative strength: $XLP, $XLU, $XLV, $XME, fertilzers
#relativestrength
2. Relative weakness: $XLY, $SMH, $KRE
#relativeweaknes
Relative strength notes 🟢:

1. $XLP, $XLU, $XLV - congrats to the knife catchers

2. $XME - steel bigly up $CLF, $X, $AA, $NUE; big miners $RIO and $BHP doing well too

3. $MOS, $NTR nicely looking charts; when $CF?
Read 7 tweets
1) Guys, where are the good old days when the market used to puke into the close? It is not the 0DTE as there were 0DTEs before

I cannot seem to remember exactly when was the last one but i don't remember seeing one for months. Similar with rallies but I can recall a couple
2) Full disclosure :

Recongnizing there was a seller today and a lot of stops beneath the lows I got some 393-392 $SPY put spreads for 12c around 2pm

Seemed quite cheap for an index with a catalyst sitting at a 0.4% loss for the day and a heavy trend to the lows.
3) Max profit of c. 9x was a 0.65% away, I found that tempting.

After the failed attempt to take out the stops at the lows I exited the position at 3 pm for 10c. 2c (without comissions) loss was totally worth it, would take the trade again if I had the chance.

Observations 👇
Read 8 tweets
Proud to announce that lately I have been doing VERY little in terms of buying and selling. Cuz if I had, I would have been thrown by that market left and right.

Hopefully, tomorrow we are finally gonna have some resolution to the choppiness. 🔪

Tickers 👇
Under the radar📡:

1. Relative strength: $XHB, $KRE, $XLI, $XLB
#relativestrength
2. Relative weakness: $FXI, $SOXX
#relativeweaknes
Relative strength notes 🟢:

1. $XHB - jaw-dropping performance after $PHM earnings. I don't think c. 9%+ is typical ER for this one.. A bit more euphoria, cancelation of priced cuts and homebuilders will be short again

2. $XLI, XLB - economy bid; transportation good $FDX, $UPS
Read 6 tweets
If you happen to follow us and read our weekly attempts to make sense out of markets,

you must know we expected some normalization after what happened on Friday.

When uber crap squuezes higher, it is usally a good sign that indices are due for a pause.

Today 👇
Under the radar📡:

1. Relative strength: $PFF, $PGX, $XLP
#relativestrength
2. Relative weakness: $SOXX, $XLV, $UNG & $USO, $XLE
#relativeweaknes
Relative strength notes 🟢:

1. $PFF, $PGX - those do not wanna give up..once the EOM/BOM inflows are over I think this will change

2. $XLP - only green thing today; chart is stuck, same as $XLU; do not touch territory for me
Read 6 tweets
In markets, there is always something worth mentioning.

Even on slow days like today.

👇
Under the radar📡:

1. Relative strength : $KRE, $XLV, $XLU, $JETS
#relativestrength

2. Relative weakness: $QQQ, $AAPL, $FXI, $CL_F, $NG_F, $ATVI
#relativeweakness
Relative strength notes 🟢:

1. $KRE - finally closing above sma200d.

2. $XLV, $XLU - defensive sectors bid for another day. $XLU stalled at sma200d. Ripe for some mean reversion?

3. $JETS - strong but paused at sma200d too. $BA sees no retracement after 50% up in 2m
Read 6 tweets
Hope everyone feels loved and grateful the following days.

Before we all get the rest we deserve,

Here is what happened today 👇
Under the radar📡:

1. Relative strength : $TLT, $TSLA, $IGV, $ARKK, $JETS, $XLU
#relativestrength

2. Relative weakness: $CL_F, $KRE, $IWM
#relativeweakness
Relative strength notes 🟢:

1. $TLT - the savage pullback in long-term rates continues

2. $TSLA - finally lifted from the dead. Took $ARKK and the speculative software names $IGV with it

3. $JETS - doing well today

4. $XLU - best defensive sector today. Closed @ sma100d
Read 6 tweets
Slow and steady wins the race is not a phrase coined to explain the market but definitely fits well with what has been going on the last couple of days.

In case you have been busy procrastinating and in need of a summary,

this is what happened today👇
Under the radar📡:

1. Relative strength : $XME, $XLE, $XRT, $XLB
#relativestrength

2. Relative weakness: $JETS, $ARKK, $TSLA, $AMZN, $ITA, $DIS
#relativeweakness
Relative strength notes 🟢:

1. $XME, $XLB, $XLE - classic bidding in real economy stocks

2. $XRT - continues with the overnight gaps. $DKS, $AEO, $BBY had monster earnings reactions, whereas $DLTR sucked.
Read 6 tweets
A typical day of a trader:

Soon after the open - gotta short $XLE, gravitational pull finally. Crap, entry is gone, missed this one.

1h later, Saudi news out - quick, gotta get long $CL_F. Entry? Does not matter, load it up.

Flexability is everything.

Today 👇
Under the radar📡:

1. Relative strength : $DIS, $XLP, $XLU, $XME, $NUE
#relativestrength

2. Relative weakness: $XLE, $XOP, $XES, $HG_F, $EL, $COTY, $TSLA, $AMZN, $GOOG, $V, $MA
#relativeweakness
Relative strength notes 🟢:

1. $DIS - CEO change making investors hopeful. Selling the whole day though.

2. $XME, $NUE - $XME got a nice bid right after the Saudi news and finished on the highs at sma200d. $NUE with a nice BO.

3. $XLP, $XLU - defensives with inflows again
Read 6 tweets
Hope you enjoyed the YouTube Live!

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Read 4 tweets
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Read 6 tweets
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Read 8 tweets
I tweeted my #RelativeStrength techniques out for new followers on 2/24/2020. I decided to update it a bit with new techniques that I have found studying this most recent Bear Market. I hope ya'll enjoy and can apply some of this in your careers/trading.

Cheers. 🦆🇺🇸🐕🍻 Image
During any harsh corrective periods or bear markets when the market is below the 50sma/200sma, pay attention to the % of stocks above their 50sma and 200sma. Notice how it got to 7% (% above 200sma) at the March lows? That was our queue to find those 7%. . Image
You did this by starting with the fundamentals and liquidity first to weed out the crap. Here are some select growth stocks that either didn't undercut the 200sma as much as the general market or didn't even touch it in March 2020:

$ZM, $DOCU, $DXCM, $TSLA, $TDOC, $AMD, $QDEL
Read 3 tweets
#CNXSMALLCAP at a precarious junction. If we break the trendline & horizontal #resistance, then the party will continue, else 🙃. Next week and this month closing will be crucial. #Trendlines #investing #relativestrength #CCI #breakout #pricexpansion #Momentum Image
#CNXSMALLCAP still alive👀 Image
#CNXMIDCAP too alive😅 Image
Read 3 tweets
The following stocks are contracting and could possibly go up in the coming days.

SKM egg products
Shilpa medicare
Laksh Vilas bank
Kellton tech
Network18 media
Nectar Lifesciences
Career point
Manali petrochem
Morepen

Please define your risk & SL before taking the trades.
I don't have the time to post the charts for all of them. But, these comprise some pullback and some trendline break trades. #stockideas #Trendlines #investing #relativestrength #CCI #breakout #pricexpansion #Momentum
Charts for the pullback trades ImageImageImageImage
Read 4 tweets

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