Get High on Biotech

Why high? because Biotech is in the top of most of our Relative Strength models!

XBI 10 23 1

Nice breakout of a bullish triangle!

Captain John

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Good Things!

The top chart is that of the NYSE advance / decline line and the S&P 500 below it.

NYAD 10 23 14

Both charts have crossed above the 20 day moving average. Good things usually happen when these 2 are in sync.

Captain John

 

Time to make a Switch?

SPX 10 21 14

  • We like to keep an eye on the ratio of high beta to low volatility S&P 500 components. It can be helpful in gauging risk appetite for stocks in general.
  • The point & figure relative strength chart recently flipped back to risk on.
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Captain John