Relative Momentum of Weighted vs Equal Weight Index ETFsRelative Momentum of Weighted vs Equal Weight Index ETFs
Relative Momentum Index
Relative Momentum of Various Asset ClassesRelative Momentum of Various Asset Classes
SPY - Equities
GLD - Precious Metals
VNQ - Real Estate
TLT - Long Term Treasuries
JNK - High Yield Corp Bonds
SHY - Short Term Treasuries
MUB - Municipal Bonds
BTCUSD - Crypto-Currencies
DBC - Commodities
Relative Momentum of International EquitiesRelative Momentum of International Equities
SPY - US Equities
ACWI - Global Equities
ACWX - Global Equities excluding US
EEM - Emerging Market Equities
EFA - Developed Market Equities
Relative Momentum of US EquitiesRelative Momentum of US Equities
SPY - Broad Market / Large Cap Equities
DIA - Dow Jones
QQQ - Nasdaq / Large Cap Growth
IWM - Russell2000 / Mid Cap Blend
IWV - Russell3000 / Small Cap Blend
IWC - Micro Cap Blend
SPYV - Large Cap Value
SPYG - Large Cap Growth
VXF - Extended Market Ex S&p500
BTC 1h still has momentumDear day traders,
RMI still above 50, as I have commented on previous idea, the price will only go down when the RMI shows a massive negative slope.
Money Flow still confirms solid buying power. Still, the 15min chart already signaled some weakness. I would still hold on to BTC position and have a stop loss at 8090, but I don't advise against going short now.
I am closely watching 8400 resistance and 8100 support level. If we see a bull break the next test levels would be the previous 8600 and then 8900. Otherwise 7800 should be our next resistance, but if we form a higher low (higher than 7800) this would look very bullish, at least on an hourly perspective.
I will update as soon as I wake up tomorrow.
Just my 2 cents. Hope you guys find it helpful.
