World markets bottomed on Spetember 2022 and during the recovery, European stocks AMEX:FEZ outperformed US stocks TVC:DJI for 9 months
Nos, for the last 3 months, US stocks are back in the leadership as the DJI/FEZ ratio broke its downtrend back in April; just weeks before the AMEX:FEZ broke its trendline
That is why relative strength is so important,...
Coursera develops online education and learning platform designed to offer online courses, certifications and degrees.
It stands as 2nd in the IBD Industry Group Rank with a 93 relative strength rating, this means leadership.
Is also good to see that the ratio against NASDAQ:EDUT ; the industry bechmark, already broke out to new highs.
If it can breakout above...
BellRing Brands manufactures and sells ready-to-drink protein shakes, powders and nutrition bars.
Last Monady or even Tuesday were good days to initiate a position but still there is a great opportunity to buy at the pivot above $38.
Its only the second base after it confirmed the uptrend.
The only bad thing is that NYSE:ELF is the industry's leader and is...
Saia provides less-than-truckload, non-asset truckload, expedited and logistics services across the U.S. is ranked #1 in its industry by IBD
While the sector ETF AMEX:XTN is down, stocks like NASDAQ:SAIA , NYSE:XPO and NASDAQ:ODFL are all near new highs
The price is in its second base formation close of breaking out above $439.50
I'll leave a stop buy...
Just look at how this divergences keep giving good signals.
The value oriented mega caps initiated this new bull market, looks like is now turn for the growth oriented stocks.
Take a look at the AMEX:SPYG / AMEX:SPYV ratio, is going up.
All these 3 stocks are leaders in the Building Materials industry.
NASDAQ:USLM is the clear leader between the 3, breaking from its 2022 highs earlier.
The technicals between NYSE:MLM and NYSE:VMC are very similar but, the fundamentals are another story.
Martin Marietta NYSE:MLM , produces crushed stone/sand/other aggregates for...
Every time this index broke back above 30% the Nasdaq NASDAQ:IXIC ended its correction.
Will it happen again? I don't know, but I'm not betting against it.
Maybe #tech won't continue to lead as AMEX:XES and AMEX:XOP are the sectors leading right now and the Nasdaq has nothing in #energy.
But still, stocks like NASDAQ:DBX and NYSE:PSTG are still...
North American Construction Group provides mining, heavy construction services to customers in the resource development, industrial construction in the US, Canada and Australia.
I tried trading this stock back in 2021 and got stopped out.
If it wasn't for that I would have had dead money for more than a year! Thank God for stops.
Now, NYSE:NOA is ready to...
The dollar has been basing below the 200-day MA.
If you don't see it, flip the chart and you will see a bullish valatility contraction pattern.
For me this should resolve to the downside to continue its downtrend.
This would be good news for stocks.
The leader of the industry right now is NASDAQ:MDB , but those not have any exposure to the #crypto market.
MicroStrategy provides enterprise-ready analytics, mobility and security software platforms for various industries.
Historically, NASDAQ:MSTR has outperformed AMEX:BITQ , I chose this ETF as a proxy of its peers as is better balanced than...
This is positive behavior for #crypto, but still is underperforming the SP:SPX
Maybe, as the stock index may be extended, some money could get out of stocks and find its way to INDEX:BTCUSD
This is just speculation, but the bullish divergence with its ROC is a fact.
I'll wait for the formation of pattern to evaluate an entry.
Technology and Consumer Discretionary tend to lead the start of bull markets and Industrials should follow up.
The Industrials ETF AMEX:XLI is not outperforming the SP:SPX but, NYSE:ROK certainly is.
Maybe will be the sector's leader, is ranked #6 by IBD in its industry group ( AMEX:GAST ).
With higher lows and higher highs since June of 2022, Rockwell...
BITSTAMP:BTCUSD is showing a bullish divergence with its ROC.
This may indicate a bullish move toward the $30,000 resistance level.
Inside the cup, there is a low cheat pattern with pivot at $28,500 which could be a good first entry.
Still, the crypto space hasn't been showing much strength relative to the the stock market. So why own it?
At least not for...
Intuitive Surgical is in the Medical-Systems/Equip Group, develops an advanced surgical system designed to improve open surgery and minimally invasive surgery.
After the earnings gap up, price has been still going up but volume has been drecreasing along with momentum.
This bearish divergnece is signaling a needed pause for $NASDAQ:ISRG.
Even if breaks above...
This probably is not a good sign for the SP:SPX , as these assets are highly correlated (0.88) and normally AMEX:CPER leads the business cycle.
Also, the TVC:VIX is back above 20 and NASDAQ:TLT hasn't resume its downtrend.
Even the dollar AMEX:UUP is showing strength again.
I'm 87% in cash and also have tighten all my stops.
Let's wait and see if the...
Inspire Medical Systems develops innovative and minimally invasive solutions for patients with obstructive sleep apnea.
Ranks #10 in the IBD Group Medical-Products Group with a Relative Strength IBD Rating of 93. This is a what leader looks like.
Today is forming a daily shark patter with a pivot buy at $278.10.
The follow through would be a breakout above...
The price has formed a head and shoulders pattern and now I'm waiting for the follow through above $50.
The OBV and the RS ratio vs the S&P 500 are near new highs confirming the strength in price action.
Still, I'll wait for the breakout to buy with a price target at HKEX:62 for a +25% profit.
You can see that I was stopped out on MARCH 2022, can you imagine...
After a double-bottom, the stock price pulled back to support and now is breaking out and getting near its IPO price.
The OBV is already above its IPO levels and the MACD keeps trending higher.
Also, AMEX:XLK is the leading sector, this should help NYSE:IOT price action.
I entered 1/3 of the position as the market still needs more work to get...