Relative Strength analysis of Sectors relative to Broader Market
One of the fastest way to look for relative strength is to see how different sectors are performing relative to the broader equity markets.
I have recorded this 20 seconds video, and it gives a clear answer right now only energy and tech are performing
This is a 6-month chart of iShares Russell Mid-Cap Growth ETF (IWP) relative to the performance of the S&P 500 ETF (SPY).
IWP tracks a market-cap-weighted index of growth companies.
The yellow and orange lines are the exponential moving averages that form the indicator called the EMA exp ribbon. The EMA exp ribbon usually acts as support when price hits it from...