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
“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
“Crypto relative strength worth watching as a potential early risk on indicator, just something to keep an open mind about”
Fast Flush or Slow Death?·Digest
“Solar and energy was the relative strength theme going in so I leaned into the dip with a couple positions, still operating under the assumption that this environment rewards buying weakness.”
Death by a Thousand Cuts·Digest
“TAN pulled back to the 10-week over the weekend, solar group showing relative strength across the board”
Death by a Thousand Cuts·Digest