TSCO's Relative Strength up
As the lower blue line that joins the lower lows, in the last month or so, TSCO – Tractor Supply Co. – is trending up. This uptrend has already moved TSCO above the descending blue line that acts as a resistance line. TSCO is currently on the horizontal orange resistance line. At the same time the stock has moved above its 10- day exponential moving average and has just touched the upper Bollinger Band. In addition, MACD is already moving in a bullish territory above its sign
KIM outperforms
We can see in the chart that KIM – Kimco Realty Corp. – has a resistance zone that we show in the blue box. The upper and the lower sides of this box have acted as support and resistance levels several times. The last time price touched the lower side, in the orange circle, KIM also touched its 10- day exponential moving average, another support line. Since that point the bulls showed their determination and they pushed price up. The long lower tails of the candlesticks, show
NRG on the rise
NRD – NRG Energy Inc. – is currently moving in a triangle we show with the blue lines. The question at this point is whether the stock will break up and above the upper triangle side. First of all, NRG’s 10- day exponential moving average is moving above its 20- day exponential moving average. In addition, the last three bullish candlesticks that brought price to the upper Bollinger Band are a sign the bulls have the upper hand. This slow momentum buildup is also shown in MAC
EWH - the Hong Kong ETF - uptrends
The Relative Strength is EWH – the iShares MSCI Hong Kong ETF – has been trending up and mostly above its 20- day exponential moving average since mid-November. Price itself is trading for about a month in an ascending channel with EWH’s 10- day exponential moving average as a lower limit and the upper Bollinger Band as the higher limit. Apart from that, the 20- day exponential moving average is moving above the 50- day exponential moving average and diverging from it, anoth
PALL outshines Gold
PALL – ETFS Physical Palladium Shares – is moving mostly above its 20- day exponential moving average since mid-August. In fact, if we see the chart more carefully, this moving average is acting as support line for PALL. Apart from a recent interval, PALL’s Relative Strength is also moving up and above its 20- day exponential moving average. After this recent consolidation stage, where PALL’s 10- day exponential moving average touched the 20- day exponential moving average, P
GDX - the Gold Miners ETF - on the rise
GDX – the VanEck Vectors Gold Miners ETF – is moving in an ascending trend, defined by the two blue lines. A few sessions ago GDX moved above the upper channel limit and is currently on its 10- day exponential moving average. The candlestick formation that we show in the orange circle is a bullish one, as the second candlestick indicates that the bulls reacted strongly and gave the first sign of their determination. MACD also tells us that, despite the correction, GDX hasn’t
The Utilities Sector gets stronger
XLU – the Utilities Select Sector SPDR Fund – is considered a conservative Sector that traders prefer when there is uncertainty in the market. For about a month, XLU moved in a range defined by the blue box. Within this range, though, XLU formed a triple bottom pattern, the first outside the lower Bollinger Band and the other two above it. This is considered a bullish pattern by John Bollinger, the creator of Bollinger Bands. The last time XLU tested the 20- day exponential m
IWP, the Mid-Cap Index outperforms
IWP – the iShares Russell Mid-Cap Growth ETF – is the best performing among the major indices. In fact, its Relative Strength is trending up and above its 20- day exponential moving average since the beginning of January. Apart from that, since IWP moved above its 10- day exponential moving average at the beginning of January it didn’t touch it again. The 20- day exponential moving average itself has moved above IWP’s 20- and 50- day exponential moving average, and all three
IWP the most bullish major index
Just like most major US indices, IWP – the iShares Russell Mid-Cap Growth ETF – started its uptrend on December 26. At the beginning of January IWP moved over its 10- day exponential moving average and it hasn’t touched it since. The ETF is currently trading above its 10- day exponential moving average and below the upper Bollinger Band, in a strong, healthy uptrend. Both thw 20- and the 50- day exponential moving average are also trending up. IWP has reached a resistance lin
XLE outperforms in sectors
XLE – the Energy Select Sector SPDR Fund – is currently going through a consolidation phase within the orange box. During this phase the upper Bollinger Band has leveled off, while the lower Bollinger Band started trending up after a while. Apart from that, we can see that in the last three sessions, XLE moved above its 50- day exponential moving average and over the upper Bollinger Band. It’s also important to see that both the 10- and the 20- day exponential moving average
