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Comparative Strength Analysis

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Wyckoff's stock selection process always included an analysis of comparative strength. To identify candidates for long positions, he looked for stocks or industries that were outperforming the market, both during trends and within trading ranges. In short positions, he looked for underperformers.
Therefore, he conducted his comparative strength analysis between a stock and the market, or between a stock and others in its industry.

Practical example: NASDAQ100 vs NVDA

5-year:
snapshot

1-year:
snapshot

YTD:
snapshot

July-August 2022:
snapshot

Conclusion: we can use outperforming stocks' charts with higher positive correlation as a leading indicator for Indexes!

Best,
Moshkelgosha
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Aussi sur:
Chart PatternsmoshkelgoshaTrend Analysis

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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Chart PatternsmoshkelgoshaTrend Analysis
Moshkelgosha
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
Aussi sur:

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.