In this market update, Jim Gore breaks down the basics of technical analysis and shows how RSI, market breadth, and money flow indicators signaled the recent market pullback. He also points to AMLP as an area of continued strength, supported by sustained positive money flow.
Jim explains what technical analysis is, the history, and why its important.
We saw negative divergence with the Money Flow in the NYSE Composite Index in our last technical update.
Weak market breadth was also confirming that divergence in the NYSE.
MLPs are holding the newly established support and Money Flow is confirming the positive trend.
Money Flow long term in the MLPs is positive and a big change compared to the weak market pre-2021.
Keeping an eye on these technical indicators is a core part of our investment management process. We believe that understanding both the macro environment and the underlying market mechanics helps us make more informed, objective decisions for our clients.
