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Relative Strength

Relative Strength. November 19 , , 2013. Current Market Update. Market was confirmed downtrend on 8/ 15 Market confirmed uptrend 9/09 Market confirmed downtrend 10/ 9 Market confirmed uptrend 10/16 Market under pressure 11/7 Market confirmed uptrend 11/13. Relative Strength.

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Relative Strength

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  1. Relative Strength November 19,, 2013

  2. Current Market Update • Market was confirmed downtrend on 8/15 • Market confirmed uptrend 9/09 • Market confirmed downtrend 10/9 • Market confirmed uptrend 10/16 • Market under pressure 11/7 • Market confirmed uptrend 11/13

  3. Relative Strength “I would rather go with a Relative Strength of 99 than a 95. Many times the Relative Strength takes off before the big earnings report comes out.” - David Ryan from Market Wizards Two Concepts • Relative Strength line • Relative Strength rating • # from 1 to 99

  4. How to use RS line • To confirm that a leader is breaking out • Upward sloping line means stock is outperforming the S&P500 Index • RS line hitting new high prior to break-out • Bullish • Display underlying strength during a correction • NFLX 1/30/2009; 1/24/2010/ 8/13/2010 • GMRCR 3/20/2009 (FTD 3/2009)

  5. Lists of strong RS stocks • Sector Trends Blog • Sector-trends.blogspot.com • @Sector_Trends • Investors.com • Bolting RS line screen • Investors.com/radioshow • Last week’s note has a list of high RS line screen

  6. Other Stocks to review

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