Sunday, March 12, 2023
Financials Take The Market Lower
Below is a 60 minute chart of the financial etf symbol XLF and in the panel below that is a relative strength line which is simply the stock price divided by the S&P500 (SPY). As you can seen the RS line was already beginning to weaken just prior to the large down move. The RS line broke low before price did which was a sign of weakness. Wait for a rally and look for signs of relative weakness to get involved on the short side.
TRLV Just Gave Me Another Reason to Pay Attention
Just a quick update on TRLV. Back in late July, I was becoming bullish on TRLV because of its relative strength. At the time, what caught ...
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The monthly chart of SAVA highlights the critical importance of the $11.50 level for this stock. From 2014 to 2016, this level acted as a s... -
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Above is a chart of MSOS Institutional ownership. What's worth talking about is that institutional participation in MSOS has materiall...
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