IJK, IJT & IVW are outperforming their value
Market Overview: Analyzing the Last 30 Days through Index Breakdown, Relative Strength Segments, Sectors, Industry Groups, and Liquid Mega Caps
1. Segment
All segments across small, mid, large, and mega caps in value, core, and growth remain negative in 1-month % performance, but growth $iShares S&P Mid-Cap 400 Growth ETF(IJK)$ $iShares S&P Small-Cap 600 Growth ETF(IJT)$ $iShares S&P 500 Growth ETF(IVW)$ are outperforming their value and core counterparts within each market cap category.
1-month % comparison to index, IVW is -5.47% vs $Invesco QQQ(QQQ)$ & $Direxion NASDAQ 100 Equal Weighted Index Shares(QQQE)$ -6.33% and -6.84% respectively.
Image
2. Sector RS % Sorted, Equal Weight vs Cap Weight
I strongly recommend reviewing the technical charts of $Consumer Staples Select Sector SPDR Fund(XLP)$ $Utilities Select Sector SPDR Fund(XLU)$ $Invesco S&P 500 Equal Weight Consumer Staples ETF(RSPS)$ $Invesco S&P 500 Equal Weight Utilities ETF(RSPU)$ amid this month-long selloff
Consumer Staples XLP & RSPS are the only sectors to eke out gains among the 11 sectors in both equal-weighted and cap-weighted formats. At RS % level, Utilities, Consumer Staples, Industrials, and Real Estate is outperforming the market index at both $SPDR S&P 500 ETF Trust(SPY)$ $Invesco S&P 500 Equal Weight ETF(RSP)$ $Direxion NASDAQ 100 Equal Weighted Index Shares(QQQE)$ level.
Image
3. Top 15 Industry Group (1-Month RS% Sorted), Equal Weight vs Cap Weight
Image
4. Liquid Mega (1-Month RS% Sorted)
The link below highlights the top 6 strongest liquid mega caps from a week ago. The longer these names hold their positions and relative strength %, the more actionable they'll become on a breakout. $Palantir Technologies Inc.(PLTR)$ is currently high on my watchlist for a pre-earnings position.
Image
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here：
Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
