From the desk of Tom Bruni @BruniCharting
There are trends people tend to pick up on indirectly, usually by looking at individual stock charts or ETFs on an absolute basis, seeing the relative strength/weakness, and connecting the dots.
See something in one chart; it may not be all that special. See it in a lot of charts from the same area of the market…you’re usually onto something.
That’s the indirect way, but if we look at a trend directly, we can get a better feel for the exact strength of that underlying trend/theme.
In this post, I want to highlight a few trends that I know people are aware of, but may not realize their severity.