ARTICLE SYNOPSIS...The Dow Jones Industrial Average is breaking out to new highs, but 3M remains down in the dumps with a bearish continuation pattern in the works.
ARTICLE SYNOPSIS...Despite new highs in the energy sector, ExxonMobil remains well below its March high and shows poor relative strength.
ARTICLE SYNOPSIS...Despite an advance over the last two months, the Nikkei 225 is showing relative weakness, and the positive directional movement remains extraordinarily weak.
ARTICLE SYNOPSIS...SIDEBAR: What about lags? What about the lags introduced by triangular moving averages? An example is the best way to study them. The index in Article Figure 2 is a sine curve with a period of 40 observations and an amplitude of 10.
ARTICLE SYNOPSIS...The Philadelphia Gold & Silver Index ($XAU) has been stuck in a rut the last 15 months, and relative weakness remains a serious drag. Here are the levels to watch.