A lot of new themes have popped up in the last few weeks. Let's dive in
Are industrial metals leading China? The S&P group index has broken out to 15 month highs.
The Shanghai composite has found support at 2000 throughout 2014 with the weekly RSI settling into a neutral range.
The China real estate ETF has broken out of an 18 month consolidation. Is the vaunted real estate bubble completely baked in? Heck yeah.
The EEM hit 3 year highs last week as it's RS vs SPY forms a bullish consolidation pattern. It sure appears emerging markets can outperform in the second half.
The S&P 500 relative to the 30 year US treasury has broken above 2008 highs. Does it stick?
The Silver/Gold ratio is at 1 year resistance. We could really see some traction in the group if silver takes it's leadership to the next level.
Specialty Retail has broken out of a half year consolidation. Is the consumer stronger than we think?
That consumer breakout is coming as energy starts to pull back. A coincidence? Definitely not.
Give me a follow @atmcharts on twitter and @a_jackson on stocktwits for daily notes and ideas not posted here.
Trade 'em well!
No comments:
Post a Comment