The chart below serves as a comprehensive quantitative analysis for the magnitude of market strength or weakness.
The Signal Strength (X axis) is derived from a composite of several crucial indicators for price movements, volume trends, volatility fluctuations, and fractal range profiles. The Y axis reflects the monthly delta of that strength.
To identify the strongest and fastest moving tickers, look for the Signal Strength boxes that are green in both columns. They will also appear in the top-right quadrant of the chart.
The performance of a sector ETF is determined by the returns of the underlying stocks it holds. To gain a more comprehensive understanding of a sector, it’s important to assess the largest components within the ETF.
The chart below is designed to assist with this analysis by providing a rank for each ETF. This ranking is based on the average of various quantitative signals that measure the trend strengths of the top fifteen components.
The chart below is a visual representation for the percentage of strong / neutral / weak stocks within the sectors. This is based on my quantitative signals of 800+ stocks that my system models.
With these charts, you can quickly determine which sectors are best positioned to drive the markets.