RS Endures the Volatility: $GRID, $GUNR, $XOP, $SMH Remain Leaders

jfsrevg
01-31

Importance of Relative Strength When Building Your Portfolio, RS Leadership Endures Beyond the December, and Yesterday's Shakeout

6 weeks after the short-term market pullback that rebounded on the close of 18th December, the strongest 1-month RS groups remain largely intact from the below quoted post.

This is the latest 1-Month RS new high industry group after yesterday's shakeout. Note: Be mindful of the current ATR% extensions from the 50-MA, the level of extension are materially different (for most) from the conditions seen on 17 December. $SPDR S&P Bank ETF(KBE)$ and $SPDR S&P Regional Banking ETF(KRE)$ - $Direxion Daily Regional Banks Bull 3x Shares(DPST)$ are also worth a mention for its resilience, and RS to its sector $Financial Select Sector SPDR Fund(XLF)$ throughout the same period.

$First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund(GRID)$ $FlexShares Morningstar Global Upstream Natural Resources Index Fund(GUNR)$ $SPDR Gold ETF(GLD)$ $Global X Copper Miners ETF(COPX)$ $iShares Silver Trust(SLV)$ $SPDR S&P Global Natural Resources ETF(GNR)$ $United States Oil Fund LP(USO)$ $SonicShares Global Shipping ETF(BOAT)$ $First Trust Natural Gas ETF(FCG)$ $VanEck Semiconductor ETF(SMH)$

$iShares Semiconductor ETF(SOXX)$ $Spdr S&P Oil & Gas Exploration & Production Etf(XOP)$ $SPDR S&P China ETF(GXC)$ $VanEck Agribusiness ETF(MOO)$ $iShares Global Infrastructure ETF(IGF)$ $Alerian MLP ETF(AMLP)$ $VanEck Steel ETF(SLX)$ $United States Natural Gas Fund LP(UNG)$ $iShares China Large-Cap ETF(FXI)$ $SPDR S&P Oil & Gas Equipment & Services ETF(XES)$ $SPDR S&P Bank ETF(KBE)$ $SPDR S&P Regional Banking ETF(KRE)$

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