On this version of StockCharts TV’s Sector Spotlight, I take an opportunity and usher in seasonality for subsequent month. Often, we try this on the final Tuesday of the month, however this time the final Tuesday (subsequent week) falls precisely on the final day of August and we can be month-to-month charts then.
I begin the present with a have a look at rotations in asset courses final week and the way they mix in with the present weekly rotations on the Relative Rotation Graph. The principle takeaway right here is the power for the USD towards most different main currencies on the RRG, which is backed by the completion of a big Head & Shoulders prime formation in EUR/USD ,which requires a significant transfer decrease (+ power for USD). From a seasonal standpoint, there are not any clear alerts that we will comply with up with. Industrials could be the sector to search for, however the present rotation and the habits on the chart fully negates the anticipated seasonal power.
This video was initially broadcast on August 24, 2021. Click on wherever on the Sector Highlight emblem above to view on our dedicated Sector Spotlight page, or click this link to look at on YouTube. It’s also possible to try the video on the StockCharts TV on-demand website StockChartsTV.com, or on the related app on cellular platforms like iOS and Android, or TV platforms like Roku, Apple TV, Amazon Fireplace TV and Chromecast.
Sector Highlight airs weekly on Tuesdays at 10:30-11:00am ET. Previous episodes may be discovered here.
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Julius de Kempenaer is the creator of Relative Rotation Graphs™. This distinctive methodology to visualise relative power inside a universe of securities was first launched on Bloomberg skilled companies terminals in January of 2011 and was launched on StockCharts.com in July of 2014.
After graduating from the Dutch Royal Navy Academy, Julius served within the Dutch Air Power in a number of officer ranks. He retired from the army as a captain in 1990 to enter the monetary trade as a portfolio supervisor for Fairness & Regulation (now a part of AXA Funding Managers).