Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Stocks

Visualizing the Market Factors Panel on RRG

by February 10, 2024
February 10, 2024
Visualizing the Market Factors Panel on RRG

With the release of the new Panels feature on the StockCharts dashboard, there are a lot of ways that users of RRG charts can take advantage! Let’s take a close look at one in particular.

Market Factors Panel

One of the most significant new panels available for users is the “Market Factors” panel.

This panel slices the S&P 1500 into nine segments broken down by size-value-growth. It is very similar to the one used in the RRG dropdown.

The only difference, and there is quite a distinct difference (as you will see), is that this panel uses S&P indices and only covers the S&P 1500 segments. Meaning the S&P 400, 500, and 600, along with its growth and value brothers and sisters.

Two Key RRGs

Here is the RRG from the pre-defined list.

As you can see, I have ticked off the US Growth and US Value indexes, as they cover the entire market (all size segments) and the DJ US index, the benchmark on this graph.

This is the RRG for the market factors using the same underlying ETFs as the Market Factors panel.

The RRG is linked (just click the image) to a live version on the site, which you can then save as a bookmark in your browser for later retrieval. I will also add this to the group of pre-defined universes.

The benchmark for this group is the S&P Composite 1500 index ($SPSUPX).

Same Approach, Different Images

Looking at these two RRGs, you can see that they are quite different from each other but, in the bigger picture, send a similar message.

The differences are primarily caused by the different universes. The DJ groups hold 153 stocks in the large-cap index, 314 in the mid-cap index, and 610 in the small-cap index. So, especially in the large- and mid-cap segments, the S&P groups are much broader, which can have significant effects on the behavior of the indexes.

I use these “Big Picture RRGs” from a very high level. This means I pay much more attention to the general rotations of the various tails vis-a-vis each other than to their exact locations on the RRG.

One observation that I found quite interesting on the Market Factors Panel RRG is the location of the cluster of SPYG, SPY, and SPYV.

What you can learn from this cluster of tails is their positioning on the RRG and the relative positioning among the three of them.

First of all, these are all S&P 500, so large-cap indices, and they are positioned to the right of the benchmark (S&P 1500) and thus in a relative uptrend. You can also see that inside the S&P 500 segment, growth is rapidly improving against value. The preference started to turn around some 5 weeks ago, when the growth and value tails started to curl.

Much like the DJ version, albeit in a different location on the RRG, what you also see is that the mid- and small-cap groups for both the growth and value segments have started to roll over, some of them already at a negative heading. The only group still at a positive heading is large-cap Growth, and maybe mid-cap growth, though the latter is debatable as this tail is still inside the improving quadrant, but on flat momentum at the lowest RS-Ratio reading in the universe.

This is something to ponder over the weekend, as it means that, once again, the foundation of the rally is getting narrower after an attempt of the mid- and small-cap groups to start participating. This attempt seems to fail, while the market continues to climb….. a “Wall of Worry?” Only time will tell, but I believe there is reason enough to get more cautious, and risk is increasing every day.

#StayAlert and have a great weekend. –Julius

0
FacebookTwitterGoogle +Pinterest
previous post
Pharma Stocks: 5 Biggest Companies in 2024
next post
The Costco Stock Surge: What You Need to Know Right Now!

Related Posts

From Summer Doldrums to Year-End Surge: How to...

May 31, 2024

How to Use Trend Alignment to Find the...

July 20, 2023

Absolutely Everything Goes Up

July 14, 2023

This Key Resistance Level is Crucial for the...

November 7, 2023

Spotting Tradable Pullbacks after Trend Reversing Surges

March 2, 2024

Expedia (EXPE) Taking The Road Less Traveled

November 19, 2023

Week Ahead: NIFTY Set To Open Lower; Relative...

April 6, 2025

This Combination Makes Trading Next Week VERY Dicey

December 9, 2023

Get Paid to Buy Your Favorite Stocks Using...

April 2, 2025

Trifecta of Trouble

April 6, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Larry Williams on the Fed, Interest Rates & Markets! What’s Next?

    • Top Sectors to Watch + The 18 SMA Setup Every Trader Should Know

    • Platinum Price Breaks Out as Chinese Demand and Global Shortfalls Ignite Rally

    • Freegold Provides Update on 2025 Drill Program

    • Coelacanth Announces Q1 2025 Financial and Operating Results

    • Silver Stocks and the Land Grab for Silver Assets

    Categories

    • Business (1,218)
    • Investing (2,493)
    • Politics (3,699)
    • Stocks (1,608)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved