Shakeout And Rotation
Ugly Shakeout In High Beta Stocks Yesterday
And I have highlighted for you during the last week or so that we had been seeing increasing evidence of some weakness creeping into the system.
A week ago we saw IPOs suddenly dumping, that is often an early sign of risk off.
And A Good Thing To Monitor Is The Growth vs Value Relative Performance
Because when the spread widens and growth performs too well compared to value, we often rotate very soon.
And Yesterday We Got A Strong Rotation
And it’s easy to see what we rotate into with TSF - Analytics live theme tracker. It shows us relative performance compared to the S&P 500, updated every 15 minutes intraday.
Now Stocks
Today we will add stocks to our focus list, and I have focused on clear RS leaders holding up better than the rest and setting up.
And I see some really interesting plays as stocks are cooling off. And in the end I have some high octane momentum setups to show, because some stocks did not care about the weakness — and they are our focus.