Market Reading
Relative Strength
Also called: RS, relative strength, showing RS, relative weakness
When a stock or group holds up better than the overall market during broad selling. If growth names are breaking down and TSLA is holding its level that relative strength tells you money is committed to the name. I pay close attention to what's holding up on bad days because those are the names that lead when the market turns back up.
In Context
“Space stocks ASTS, RKLB showing relative strength”
Level to Manage Risk > Setup·Digest
“Names showing RS while market weak: AA, AAOI, CIEN, DELL, GLW, NFLX, STX, NBIS”
Level to Manage Risk > Setup·Digest
“That relative strength was telling you something and NFLX was the first to gap to new highs and follow through.”
“By the close relative strength names were being sold into and **heavy volume but no price progression on the indexes which looks a lot like churn.”
Remember This Week·Digest
“Crypto had notable relative strength today which I thought was worth paying attention to because crypto tends to be a decent risk on/risk off indicator.”
Fast Flush or Slow Death?·Digest