Lots of industry groups putting in relative strength to the SPY:
Breath had a good day:
Which can be seen also in the RSP (equal weight of SP500):
China is a monster:
Germany strong:
Still not all green, but enough strength under the hood to play breakouts in the two major themes China and Biotech.
I would definitely not short this market!
I will add the following to this blog, I will post stocks from small cap value momentum systems that are performing well (today for all subscribers, in the future for pay. subs) once a week (they rebalance once a week, so no point posting them every day!).
If you are interested in one of the strategies, contact me @ andreas.himmelreich@outlook.de
Here is the strategy book:
Here are the strategies:
Here are the stocks of above strategy book. Make your due diligence especially technically:
AE ARC BRN BWMN CAAS CEPU CPHC CVEO DLNG EPSN GASS ICD INTT IVAC LMB LYTS NRP OSG PHX PMTS PNRG PXS RNGR SIM USLM VTRU
Here are interesting stocks handpicked based on industry group performance, country performance (what is the main theme), momentum and relative strength:
Keep reading with a 7-day free trial
Subscribe to Trading for a sub 1 Million Account to keep reading this post and get 7 days of free access to the full post archives.