Quote of the day:
The challenge of economics and to journalism is to remind us that motives are less important than actions. People lie about their motives. Look at what they do, not what they say. (Cafe Hayek via Abnormal Returns)
Which is why our investment models are based solely on following market prices-which aggregate the actions of all market participants.
Leave a Comment » | 
Thought Process | 
Permalink
Posted by Andy Hyer
The chart below measures the percentage of high relative strength stocks that are trading above their 50-day moving average (universe of mid and large cap stocks.) As of 12/21/10.
The 10-day moving average of this indicator is 95% and the one-day reading is also 95%. Nearly all high relative strength stocks continue to trend higher.
Leave a Comment » | Markets | Permalink
Posted by Andy Hyer
You are currently browsing the Systematic Relative Strength blog archives for the day Wednesday, December 22nd, 2010.
