dpuleo19

The growth vs value ratios are making higher lows

Long
At the above pane is the SPX making new lows; I really thoght that the low was already made.

Then in red in Small Cap Growth vs Small Cap Value (IWO/IWN), in green is the S&P Growth vs S&P Value (SPYG/SPYV) and in yellow is the Consumer Discretionary vs Consumer Staples (XLY/XLP).

There are a lot more but these are the most common ratios to evaluate what kind of stocks are leading. And if you want a bull market, then growth should lead right?

Well, we are seeing the first steps to it. Look how all peaked before the S&P 500 and now are making higher lows. But remeber, first steps.

Look for stocks that are making 6mo highs and 12mo highs. These should be the ones to lead the next cycle.

DV , DGII & AEHR are in the top of my watchlist.

What are yours?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.