HSI – Another month of sustained relative strength.
$HSI(HSI)$ Hang Seng Futures (Update) – Another month of sustained relative strength.
When filtering trading ideas, relative strength must take priority, as price action is objective and factual, whereas technical analysis of your favorite setups are merely a reflection of your perceived risk-reward projections, making it susceptible to bias.
Even on the US side, look at the relative strength of $CVS Health(CVS)$ and $Root, Inc.(ROOT)$ since my last post. I never expected to be interested in those names, but you have to listen to and follow the market first, before your intuition.
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