Tomanyiron wrote:As a request, I constructed a weekly strength chart of all the funds YTD. I give my opinions below it.
The first half of 2017, looked at weekly is a hodgepodge of lines. However some things I see: 1- Not likely a big surprise to most that the S and I funds are the most volatile. The two swing the highest and lowest on the chart. 2- Within the last week the S and I appear to be rebounding, however they are still in negative territory. 3- All the funds are below the zero line now, and I see no other time this year when that has occurred. Does someone see something I missed?
Thank you! Very Interesting...the waves definitely show volatility. I do like the fact that S & I look like they are on uptrend, which you don't see with daily fund strength, which shows everything negative.
I was looking at I fund since in often varies in direction from the EFA benchmark on day to day basis. For most recent high & low:
Weekly Strength looks like it was strongest Early-Mid May
Jun 02, 2017 28.5205 Peak I Fund $67.22 EFA
Weekly Weakness looks like it was lowest end of June
Jul 07, 2017 27.9393 Low I Fund $64.84 EFA
It looks like strength (peek & valley) preceded both high & low by a couple of weeks...would have to look at more data points & track to see if it could used maybe together with daily seasonal moves to confirm the designated IFT.