Sunday, March 12, 2023

AAPL's Relative Strength


Above is a daily chart of AAPL along with its relative strength line. The S&P500 has pushed down to a new swing low while AAPL is making a higher low. The RS line is also holding at new multi month highs. If the overall market can find its footing AAPL is worth looking at to the long side.

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Spotting the Breakdown: How Relative Weakness in XLF Warned of a Sell-Off

  In the top pane I’m looking at a 5-minute chart of XLF , the financial sector ETF. Below that, I’ve got a 5-minute chart of the SPY , whic...