One of the charts that stood out the most to me during last week’s Conference Call was the relative strength in Communications. While Tech and Discretionary corrected over the prior month, Communications marched on:
We’ve already got a Bull Call Spread on this one. But as long as we’re above this consolidation, the bet is for higher prices.
Looking internationally, Tencent Music Entertainment in China just broke out this week:
Sea Ltd from Singapore just pulled back to key support. If $SE is above 211 I like this with a target of 335:
Bottom Fish Much?
Where To Buy Wood?
Will We Lose The Little Guys?
Value > Growth??
New weekly closing lows for Growth stocks relative to Value stocks. Is this what 2021 is going to be like or was that it and now Growth takes over leadership again?
— J.C. Parets (@allstarcharts) March 19, 2021
JC