Relative Strength

Every asset is always in a race against its benchmark, and the race has a shape: strength builds (Improving), peaks (Leading), fades (Weakening) and bottoms (Lagging) — then the cycle repeats, rotating clockwise around the graph. This page runs that analysis continuously across six universes — US sectors, industries, styles & factors, asset classes, global markets and crypto majors — each against its natural benchmark, with 8-week trails so you can see not just where each asset IS but where it’s HEADED. TradingView can chart one ratio at a time; this is all of them, positioned, with the transitions flagged.

• Improving (top-left) is where alpha is born — relative strength has turned up but the crowd hasn't repriced it. Accumulating here — especially names freshly rotated in from Lagging — is the highest risk/reward entry in rotation strategy. The NEW badge marks exactly those.
• Leading (top-right) is for holding, not chasing — own it, buy pullbacks, and watch the heading arrow: when a leader's momentum turns south (↘/↓) while still leading, distribution has started — that's the tighten-stops signal, not the add signal.
• Weakening (bottom-right) is the exit ramp — still outperforming on trend, but the rotation out has begun. Most traders hold too long here because price still looks fine — the graph shows the money already leaving.
• Lagging (bottom-left) is only interesting when it isn't — avoid by default; the exception is a Lagging name with a north-pointing arrow — the early turn that becomes next quarter's Improving story. That's a watchlist entry, not yet a position.
• Trails > positions — a long, straight trail means a persistent, tradeable rotation; a tight curl means chop — no signal. The angle of the last segment is the freshest information on the whole page.

Rotation is fractal. The asset-class tab tells you WHERE money is (stocks vs bonds vs gold vs crypto); the sector and industry tabs tell you where it is WITHIN equities; styles catch the growth/value/small-cap regime; global catches the US-vs-world trade; and crypto-vs-BTC shows whether alt-season is on (alts Improving/Leading against Bitcoin) or off (everything Lagging BTC). Reading them top-down — asset class, then sector, then industry — is a complete allocation process on one page.

This is an open recreation of the relative-rotation method, not the proprietary JdK calculation: RS-Ratio is 100 plus the z-score of the asset/benchmark ratio against its trailing 26 weeks; RS-Momentum is the 4-week change of RS-Ratio; both on weekly closes from raw Yahoo daily bars (the last session of each Mon–Sun week: Friday for ETFs, Sunday for crypto), with asset and benchmark matched week by week. The 1m/3m columns span 21/63 benchmark sessions (30/90 days in the crypto tab) and show “—” when the bars can’t be aligned. Quadrant boundaries and clockwise rotation behave like the classic version, but exact values differ from StockCharts’ — use it for POSITION and DIRECTION, not to compare numbers across tools. Relative strength says nothing about absolute return: in a bear market the Leading quadrant just loses least. Check the volatility and breadth pages for whether the tide itself is rising or falling.

Relative strength is Motion’s allocation engine. Breadth says how healthy the tape is; volatility says how it moves; THIS page says where to point the capital. The workflow: take the regime from those two pages, then buy from Improving and Leading, trim into Weakening, and let the Fresh Rotations panel surface the changes so you’re rotating with the money instead of after it.