Worked on these charts this weekend.... I need to get the key to do a descending sort. One chart is since the early May high, the other is from the March low
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
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Great charts!! Since May 8th high, health care is leading. Colors are a little tight to read. Are regional banks lagging?
This explains how I got XLV as momo long and KRE as momo short from the Turtle sectors.
Do you think health care can break out here? I realize there is no way to know, but I have VRX and SIGA long and notice that VRX made T.Lo's list this week.
Also, some regionals came up for my shorts... VLY.
Would it be reasonable to play this as a trend (with stops of course)?
Nice charts.
I figured out how to fix it.
I'll post them in a bit.
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