[pcabc]

More breadth

I've plotted the relative strength of a couple of things.  I think a longer timescale here is more approrpiate as I first plotted them for a years length and think that it was not giving a true picture of behaviour just off the left hand edge of the chart which I think distorted the picture.

Consumer Discretionary v Consumer Staples:
   

Broker/Dealers v the S&P500:
   

Analysis:

It is clear that broker dealers versus the S&P500 have strengthened as has Consumer Discretionaries versus Staples.  I'm unsure what stead to put in levels on these charts, whether assuming support and resistance areas is appropriate.  I think it is fair to add these to the weight of evidence, but I'd be wary of looking at these on their own.  It would be nice if they indicate continues. But I've only just started looking at these - and it does not have to behave how I'd or anyone would like.