 Hello traders. Welcome to the first edition of Looking Forward with RRG. This recording is made at 8.30 in the morning on the 11th of March. My name is Trevor Neal. I'm technical analyst with my colleague Julius de Campanar at RRG Research BV. Now we will start as we will always will do by looking at the relative rotation graphs of the indices the major global indices versus the MSCI world. So here we have in this quadrant here we've got a very very clear message. We've got the Russell 2000 here over here and this leading quadrant the S&P in the leading quadrant the industrial average in the leading quadrant and all of them pointing in a northeasterly direction and so these are all looking good if you like and it's outstanding that they're all together bunched together this same set of US indices. So here we have the DAX, the stock, stocks, the Heng Seng, the UK which is coming around. The only one which is in in this the right hand side of 100 so is the ASX200 index. But let us say that you want to be in stocks the choice is clear it should be US stocks and a relative basis is the best performing. So depending on your view of you know the current situation whether the stocks will be ready for rebound there is a clear message here that the the best performing one at the moment likely prospects is the US market. Now let's look at the S&P and break it down into what sectors of the S&P is leading this move and again we've got an unusually clear message here. We've got two outstanding these are ETFs of sectors utilities and no surprise energy. Look at the direction of this northeasterly direction here improving reading of a leading security. We've got the rest of them bunching around the index itself but here we've got a strong message. So the area to be in in the US stock market the S&P in particular is the energy sector. Now let's go a little bit further down and look into that and see this energy sector as it how does it look on its own. You can see it's in on a good uptrend with rising lows pattern here making a new recent high we've got the MACD which I'll bring up here now which is positive and above its signal line and so this is gaining momentum the gap is widening it is strengthening