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Kevin Hockert, CMT on Relative Strength Spread So it appears to be good news for many RS strat...
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Dorsey Wright Money Management on Relative Strength Diffusion Index If you look at the chart, you can see that duri...
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Fund Flows
The pressure to pull money out of domestic equities seems to be waning in recent weeks. However, taxable bond funds continue to be the biggest recipient of new money.
High RS Diffusion Index
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 10/26/10.

After pulling back to the middle of the distribution in August, high relative strength stocks have moved sharply higher over the last 7 weeks and over 90% continue to trade above their 50 day moving average.Relative Strength Spread
The chart below is the spread between the relative strength leaders and relative strength laggards (universe of mid and large cap stocks). When the chart is rising, relative strength leaders are performing better than relative strength laggards. As of 10/25/2010:

The RS Spread has remained relatively flat over the last year as a result of RS leaders and laggards generating similar performance. This transitional period was preceded by a sharply declining spread during the initial months of the new bull market–a time in which there were major changes in leadership. Stay tuned for what I expect will be a rising spread in the coming years.