There is no software package like StockCharts.com, where I can chart various ASX listed instruments here in AU to determine their relative strength. I was asked today as to why the so called “GROWTH STOCKS” were not performing, as they did going back couple of months or so ? I don’t know the answer to that, since my fundamental analysis knowledge is almost zilch. But what difference would it make if I knew the reason for it ? None at all as far as I am concerned.
Since the US Presidential Election it is more about VALUE and not the GROWTH according to this Performance Chart below. I won’t get into RATIO ANALYSIS to confuse some of us even more and keep things simple with this Performance Chart only. Five different NYSE listed Vanguard ETFs and their performance over the last 20 days can be seen on the chart.
In our market, banks and resources which we have done a detailed analysis of, since the beginning of the year, have been the star performers of late. Didn’t our charts tell us that well before their bullish developments ? My word they did, if we read them correctly.
Chart is courtesy of StockCharts.com
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