Charting Stocks

I’m sure that the chart below  comes as no surprise. Each of the major industry groups are down for the year. Banks and brokers are down 49% and 20.50% respectively.

The following chart contains the same industry groups as the previous but instead of plotting absolute performance, we focus on relative performance (Each industry group relative [...]

One of the ways market technicians try to predict sector out performance is by conducting a relative strength analysis. In a bear market the price charts of most sectors and stocks are moving down with the market. Some sectors are moving down more than the market, and so they are relatively weaker, and some are [...]