No new breakouts or breakdowns. Relative Strength still rules.

As of the close of Wednesday, October 4, 2023, a scan of high-volume options could find no new candidates.

The attached illustration of four high-volume ETFs will illustrate the concept of relative strength with positive momentum often will have a long candidate in spite of other markets in decline.

UUP, the dollar ETF has been in an uptrend for a few weeks with high relative strength.

 

Five-way Relative strength: