TradingEdge Weekly

Jason Goepfert

1-14-2022 at 3:15 pm

TradingEdge for Jan 14 - Surge in defensive sectors and value stocks, Energy surge, dollar drop

This week, we saw a surge in internal momentum among defensive sectors. Energy stocks have enjoyed a reversal in sentiment amid a great start to the year, which has typically led to further gains. Value stocks hit a 6-month high relative to Growth. There is a negative divergence forming in the Advance/Decline Line for stocks and high-yield bonds. The dollar has lost its 50-day moving average.

Sorry, this content is restricted to SentimenTrader members.

To read this post, please login to your account, sign up for our trading solutions or buy this article for $6.99 right now.

Login →