Daily Power Snapshots

March 13, 2024

Let's Start Here

Daily Power Snapshots are a new morning review of the sector and subsector data spreadsheets that we post from time to time. This will be part of the elite memberships and will hit your inbox early for your daily preparation. These quickly show where each segment stands on the long, intermediate and short-term views from breadth and momentum perspectives.

Continues to show a little green with solid readings across most areas. Not much stands out here.

RSI still showing trend strength across most spaces we follow. Most RSIs remain over 60 and a few more went on nitrous today even with the mixed price action.

Short-term Breadth is mixed again, but improved a bit from yesterday.

Pressure Gauges show the Defensive areas like Precious Metals and Utilities that have been strong the last couple of days were mainly due to their defensive nature. Today’s offensive rebound left hit them harder than it benefited the buying side.

There are still tones of spaces making new with strong percentages making new 10, 21 and 63 day highs. It may not be as high as the thrust spikes, but these are strong and broad readings.

New lows tapered a little yesterday as well instead of expanding as the bears would have liked to see. Consumer Discretionary and Healthcare remain on watch for more expansion.

A quick review should help you find where money is flowing and get to your fishing lanes for the day a little faster. To dive deeper into any particular space, just go back up top to the menu you can get to any sector or subsector from there!

This information is for educational purposes only and is not a recommendation.  Please see the full disclosure in the footer.

As always, I hope this helps!