CapitalNotes on Nostr: 📈💡One tool often overlooked by investors is the relative direction of offensive ...
📈💡One tool often overlooked by investors is the relative direction of offensive vs defensive fund flows.
An easy way to measure this is by monitoring the relative performance of traditionally "offensive" sectors vs the performance of "defensive" sectors. Below I have attached one of my custom charts that display this relationship.
This week, offensive sectors are breaking out to new highs vs defensive sectors. This is a bullish development.
Typically, this relationship will diverge from the broad market indexes at major price turning points. So far, no negative divergence has yet to develop. This is a ✅ in the bull column and supports a continuation of the up trend in stocks.
#stocks #investing #trading #SPY #QQQ #stockmarket
An easy way to measure this is by monitoring the relative performance of traditionally "offensive" sectors vs the performance of "defensive" sectors. Below I have attached one of my custom charts that display this relationship.
This week, offensive sectors are breaking out to new highs vs defensive sectors. This is a bullish development.
Typically, this relationship will diverge from the broad market indexes at major price turning points. So far, no negative divergence has yet to develop. This is a ✅ in the bull column and supports a continuation of the up trend in stocks.
#stocks #investing #trading #SPY #QQQ #stockmarket