Strong second day

Wait for pullback to see (more) relative strength!

We had a second strong day.

There is strong momentum on 1 day, 1 week and 4 week for long only systems.

Andreas Himmelreich @GfI_Himmelreich

Strong 1 day, 1 week and 4 Week momentum on long only systems, no short system in the top 20 on a 4 week basis...that is significant! Waiting for the next pullback to see (in march a typical!) a relative strenght setup...

Andreas Himmelreich @GfI_Himmelreich

examples

Even high beta put in a small (!!!) relative strength pattern, what we need to see here is a second higher low with relative strength compared to the market:

Andreas Himmelreich @GfI_Himmelreich

even high beta gets a bid and shows a mini relative strength pattern, if that holds up and shows strength into the next market pullback, that would be a tradable bottom...

See high beta relative strength (all over the place in 2021!) setups here —>

Relative strength setups of small cap value momentum (not marking the chart, can you see them?) —>

Too early to get rid of the hedge.

But, if we pull back from here and high beta still shows relative strength, we might get a long only setup. THAT happens very often in the beginning of Feb. / March (same in September!) and can last until mid May.

Also watching TLT, if that gets a bid, we might see a much more strength from Tech stocks…

So far inflation stays high (good for small cap value momentum) —>

Runners start to appear, IRNT (= TECH) —>

Andreas Himmelreich @GfI_Himmelreich

Nice! +37% (right now ;-)))

Andreas Himmelreich @GfI_Himmelreich

$IRNT have a look at the chart and the insider buying!

I start to see some strength, let’s wait and see!

Still + 1% YTD. The hedge is still on.

Have a great weekend!