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Neglected to mention the bullish divergence of smallcaps, especially the smallcap value index vs. $NDX. If we get some follow-thru on that action, it could change the short-term outlook very quickly.

CASH Current bias is bearish having turned back from the top of the range on Friday, but there are signs of developing strength in Real Estate and Financials. It will be very interesting to see how these sectors hold up if we have a few down days or choppy trading this week. Industrials are...

CASH Should have waited to post last week until after the Sunday night futures traders placed their votes. It appears that the RBG event resulted in lowering the level of what looks to me like trading range price action. I wouldn't be surprised to see us trade between ^NDX ~10700 and ~11500...

Consumer Staples and Health Care ranked higher than other sectors (except Materials and Industrials), but underperformed the general market (VTI), so didn't make the cut. I wouldn't be surprised to see either or both on the list next week, assuming we move higher.

Can't coax BA to breakout no matter where I scribble my lines ... but I'm still waiting.

Lots of close calls involved last week which I decided to handle on the side of caution and some profit taking. Will be looking for (re)emerging leaders if we pop back up, but not taking my eyes off the sell switch. The only subsector/industry ETF I would have added is GDXJ since there isn't...

It's still early, but the best sign of rotation that I see at the moment is into Consumer Staples. As of today, the techs are officially off of my leader board, but the jury is still out with the final verdict. Will they be the lead into a broad based top (not yet evident to me) or will there be...

Tech is still ranking high, so I've included it in my sector ranking, but I've omitted any tech subsector/industry funds from my consideration. It is the only sector that I did any selling in at the end of the day on Friday. Did some buying in the morning elsewhere. It'll probably be a little...

Just for the record (not that anyone was interested in this in the first place), I have changed my outlook on WEN for the moment anyway. The price action after the high volumes of Aug 17 and 18 didn't result in any upside follow-through, so it's looking more like the "path of least resistance"...

LOL. That is a sleepy x2 chart.

Relative Performance charts (weekly) of leading sectors (using Vanguard ETFs) and leading subsectors/industries from March bottom. VTI included for reference. Multiple lookback/anchor points used in ranking.

In a cursory scan on etf.com the only thing I saw that would keep me away is the 0.2% average spread. Trading volume is on the light side.

I like Wendy's chart.

Relative Performance charts (weekly) of leading sectors and leading subsectors/industries using Vanguard ETFs from March bottom. VTI included for reference. I added a second anchor point for determining the ranking this week.

Gotcha. Thanks for the education. I'm sure glad I decided to ask. Here's a look at part of a spreadsheet I did for 1-day/bar rates of change for the ETF VTI. Now that even looks like a normal distribution without the histogram to my naive eyes. But then again it's just one run for one etf.

Very informative. Thanks. So far I have just used frequency distribution charts to look at the distributions of positive vs. negative rates of change and they looked like a normal distribution on the frequency histograms to this graduate of freshman statistics. Ha! So, assuming I do discover...

Are there any statistical "tricks" for categorizing values in a normal frequency distribution other than using multiples of standard deviation? I have a histogram chart that plots price rate of change values that I would like to classify into "bins" to help compare current values with...

I've been trading part-time since 1996 and have used the same charting tools for the last 15 of those years to trade stocks and ETFs. I recently retired (age 58) and now have the time to fine-tune and build on those tools, but over the years of not doing any coding in Amibroker, I could really...