On this edition of StockCharts TV's Sector Spotlight, I dive into the current state of sector rotation and highlight the relationship between the Consumer Discretionary and Consumer Staples sectors, as Discretionary is trying to pull away after a period of indecisiveness. The XLP:XLY ratio is breaking out of its year-long range, suggesting that the market is looking for more offense. On top of that, the S&P 500 index looks to be executing a falling wedge on its daily chart, which is a bullish event. After this look at current markets, I pick four questions from the mailbag that all center around the same theme of the relationship between RRG, the RRG-Lines (the indicators) and the raw relative strength.
This video was originally broadcast on October 19, 2021. Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight page, or click this link to watch on YouTube. You can also check out the video on the StockCharts TV on-demand website StockChartsTV.com, or on the associated app on mobile platforms like iOS and Android, or TV platforms like Roku, Apple TV, Amazon Fire TV and Chromecast.
Sector Spotlight airs weekly on Tuesdays at 10:30-11:00am ET. Past episodes can be found here.
I also recently hosted the Friday, October 15 edition of StockCharts TV's Your Daily Five. I zoomed in on companies in the financial sector, focusing on Banks and Investment Services stocks, highlighting the fact that, despite seemingly positive results that are generally beating analysts' estimates, the street is showing mixed responses for individual stocks.
#StaySafe, -Julius
Julius de Kempenaer
Senior Technical Analyst, StockCharts.com
Creator, Relative Rotation Graphs
Founder, RRG Research
Host of: Sector Spotlight
Please find my handles for social media channels under the Bio below.
Feedback, comments or questions are welcome at Juliusdk@stockcharts.com. I cannot promise to respond to each and every message, but I will certainly read them and, where reasonably possible, use the feedback and comments or answer questions.
To discuss RRG with me on S.C.A.N., tag me using the handle Julius_RRG.
RRG, Relative Rotation Graphs, JdK RS-Ratio, and JdK RS-Momentum are registered trademarks of RRG Research.
