Issue 4;
The great rotation becomes even clearer when we look at the indices. The USA is now lagging behind while Europe powers ahead. Some of this divergence is down to the market, and some is due to the weak dollar. But it’s a substantial move, and the strength is coming to Europe.
US, UK, Europe and Japan
Glossary of Terms
| LC | Local Currency |
| CAPR | Currency Adjusted Price Relative |
| ATH | All-time High |
| BEST | Premium (discount) to Analysts' Price Forecasts |
| LTG | Long-term Estimated Growth Rate |
| Vol 360 | 360-day Volatility |
| Trend Score 0-5 | ByteTrend Score |
ByteTrend scores a point if:
- The price is above the long-term moving average
- The price is above the short-term moving average
- The long-term moving average is rising
- The short-term moving average is rising
- The price last touched max on the max/min lines
New Trends
Criteria
- % Dev from 30W High CAPR = 0%
- ByteTrend Local currency = 5
- ByteTrend CAPR = 5
- Cumulative Highs in 12W sort low to high
These stocks are trading at four-year highs in both price and CAPR. They do not need to be trading at all-time highs. Unlike the next list, strong trends with new highs, new trends are in their first week with the same criteria. All charts shown are CAPR rebased to 100.
