I rails 8 S&P 500 sectors each week, assessing their short-term trending demeanour alongside a stair out that I've called Technical Strength. The stair out essentially tracks a stock's gradient together with goodness of lucifer to a trendline together with thus averages scores across highly weighted stocks inside each sector to obtain a sector reading. The stocks that I run are the same xl stocks (five across each of the 8 sectors) inward the handbasket that I study upon inward my This post shows all the stocks together with how I rails them).
In this post, I average each week's Technical Strength readings across the sectors to obtain a unmarried weekly reading for the S&P 500 Index. The stance hither is that "trendiness" should Pb cost highs together with lows, equally those highs together with lows typically tumble out during topping together with bottoming processes that display reduced momentum/trending.
We tin sack come across how trending did indeed superlative out ahead of cost during the recent marketplace position rise; nosotros tin sack too come across how nosotros produce non equally withal come across whatever indication of bottoming from Technical Strength. Note that these are weekly readings; like reasoning should agree for other fourth dimension frames alongside daily or fifty-fifty intraday readings of trendiness, a promising query direction.
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