{"id":222633,"date":"2025-04-24T09:30:11","date_gmt":"2025-04-24T13:30:11","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=222633"},"modified":"2025-04-24T10:44:23","modified_gmt":"2025-04-24T14:44:23","slug":"chart-advisor-whos-right-this-time","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/chart-advisor-whos-right-this-time\/","title":{"rendered":"Chart Advisor: Who\u2019s Right this Time?"},"content":{"rendered":"\n

By\u00a0Justin S. Liberti, CMT<\/a><\/p>\n\n\n\n

1\/ Find Leadership<\/strong><\/p>\n\n\n\n

2\/ A Deeper Dive<\/strong><\/p>\n\n\n\n

3\/\u00a0Who\u2019s Right this Time?<\/strong><\/p>\n\n\n\n

Investopedia is partnering with CMT Association on this newsletter. \u00a0The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, and may trade or hold positions in securities mentioned herein do not represent the views of CMT Association or Investopedia. Please consult a financial advisor for investment recommendations and services.<\/em><\/p>\n\n\n\n

1\/<\/h2>\n\n\n\n

Find Leadership<\/strong><\/p>\n\n\n\n

One recent tool that many technicians have adopted is called Relative Rotation Graphs (RRG graphs) for short. This visual representation of momentum and strength in a security compared to a benchmark is a valuable tool for portfolio positioning. Invented by Julius de Kempenaer, RRGs combine two indicators of relative momentum and strength. JDK RS-Momentum measures the speed of a securities movement vs. the benchmark, while JDK Relative Strength-Ratio indicates its outperformance compared to it. By comparing these two indicators against a benchmark, we can observe the security\u2019s rotation from higher momentum and outperformance to lower momentum and underperformance. The four quadrants of the RRG graph\u2014Improving, Leading, Weakening, and Lagging\u2014indicate the security\u2019s phase relative to the benchmark. These quadrants can be utilized in portfolio positioning to identify potential opportunities within a market.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Currently, the Consumer Staples sector is exhibiting relative strength and momentum compared to the S&P 500, moving into the leading quadrant. Conversely, the Consumer Discretionary sector is losing momentum and strength, moving deeper into the lagging quadrant. This trend aligns with the recent risk-off reaction to tariff announcements that have disrupted the markets.<\/p>\n\n\n\n

In this graph, I used 26-week tails to analyze the position of each sector relative to the S&P 500 over that period. Examining the tails reveals the rotation from the Consumer Discretionary sector\u2019s outperformance to underperformance during that timeframe. These tails are helpful in being able to visualize the actual rotation within the market. The Utility sector, on the other hand, continues to advance into the leading quadrant, prompting a closer look at its constituents.<\/p>\n\n\n\n

2\/<\/h2>\n\n\n\n

A Deeper Dive<\/strong><\/p>\n\n\n\n

Once you\u2019ve identified a sector showing leadership in the market, you can delve deeper to find the individual companies within that sector that are outperforming their own sector. This approach helps pinpoint leadership by not only identifying the strongest sectors within an index but also the strongest companies within those sectors. For instance, the S&P 500 Utility sector is comprised of 31 companies. I\u2019ve narrowed it down to 10 companies across all four quadrants of the RRG graph. Now, you can assess which of these 10 companies exhibits momentum and strength against the utility sector, in addition to the overall strength of the utility sector itself. While most constituents of a benchmark tend to follow a similar clockwise rotation around it, XEL shows us an exception. It has demonstrated the ability to avoid falling behind the benchmark with continued leadership throughout the 26-week timeframe. Currently, PCG is gaining momentum, moving from down to up on the graph, while EXC appears to be on a potential path of relative underperformance vs. the sector. By utilizing RRG graphs in this manner, you can gain insights into when to enter or exit a security, providing clear visual cues of momentum and strength.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

3\/<\/h2>\n\n\n\n

Who\u2019s Right this Time?<\/strong><\/p>\n\n\n\n

With the ongoing tariff turmoil weighing heavily on equities, it seems that Bitcoin has been somewhat unaware of the market turmoil. Despite a slight dip of approximately -2.1% year to date, Bitcoin\u2019s highly volatile nature makes it unlikely that long-term holders would even notice such a small change. On the other hand, the Nasdaq has been struggling to regain its footing, having experienced a significant decline of -12.8% year to date.<\/p>\n\n\n\n

Interestingly, Bitcoin is now beginning to show signs of upward movement, while the Nasdaq continues to consolidate and its trends appear to be worsening. This divergence is particularly noteworthy because it goes against patterns observed in the past. Since the beginning of 2023, Bitcoin and the Nasdaq have experienced Five instances where their 30-day price correlation has moved below 0.9. In three of these cases, price divergences followed. Notably, during April 2023 and June 2024, the Nasdaq continued to rise while Bitcoin declined.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

With the ongoing tariff turmoil weighing heavily on equities, it seems that Bitcoin has been somewhat unaware of the market turmoil. Despite a slight dip of approximately -2.1% year to date, Bitcoin\u2019s highly volatile nature makes it unlikely that long-term holders would even notice such a small change. On the other hand, the Nasdaq has been struggling to regain its footing, having experienced a significant decline of -12.8% year to date.<\/p>\n\n\n\n

Interestingly, Bitcoin is now beginning to show signs of upward movement, while the Nasdaq continues to consolidate and its trends appear to be worsening. This divergence is particularly noteworthy because it goes against patterns observed in the past. Since the beginning of 2023, Bitcoin and the Nasdaq have experienced Five instances where their 30-day price correlation has moved below 0.9. In three of these cases, price divergences followed. Notably, during April 2023 and June 2024, the Nasdaq continued to rise while Bitcoin declined.<\/p>\n\n\n\n

—<\/p>\n\n\n\n

Originally posted 23rd April 2025<\/p>\n","protected":false},"excerpt":{"rendered":"

By\u00a0Justin S. Liberti, CMT 1\/ Find Leadership 2\/ A Deeper Dive 3\/\u00a0Who\u2019s Right this Time? Investopedia is partnering with CMT Association on this newsletter. \u00a0The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, and may trade […]<\/p>\n","protected":false},"author":186,"featured_media":222634,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[14,16727,16,18,6,8,9,22,23,26,3],"tags":[3203,3422,558,4865,16059,910,11879,4101,6118],"contributors-categories":[13686],"class_list":["post-222633","post","type-post","status-publish","format-standard","has-post-thumbnail","category-etfs","category-etps","category-forex","category-macro","category-north-america","category-region","category-securities","category-stocks","category-technical-analysis","category-text-articles","category-traders-insight","tag-duk","tag-exc","tag-ndx","tag-pcg","tag-rrg","tag-sp-500","tag-sre","tag-xbt","tag-xel","contributors-categories-investopedia"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nChart Advisor: Who\u2019s Right this Time? | Traders' Insight<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/222633\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart Advisor: Who\u2019s Right this Time? | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"By\u00a0Justin S. Liberti, CMT 1\/ Find Leadership 2\/ A Deeper Dive 3\/\u00a0Who\u2019s Right this Time? Investopedia is partnering with CMT Association on this newsletter. \u00a0The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, and may trade […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/chart-advisor-whos-right-this-time\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-24T13:30:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-24T14:44:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/4231.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1878\" \/>\n\t<meta property=\"og:image:height\" content=\"840\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Contributor Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributor Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/chart-advisor-whos-right-this-time\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/chart-advisor-whos-right-this-time\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Contributor Author\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\"\n\t },\n\t \"headline\": \"Chart Advisor: Who\u2019s Right this Time?\",\n\t \"datePublished\": \"2025-04-24T13:30:11+00:00\",\n\t \"dateModified\": \"2025-04-24T14:44:23+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/chart-advisor-whos-right-this-time\\\/\"\n\t },\n\t \"wordCount\": 871,\n\t \"commentCount\": 0,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/chart-advisor-whos-right-this-time\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/04\\\/4231.png\",\n\t \"keywords\": [\n\t \"DUK\",\n\t \"EXC\",\n\t \"NDX\",\n\t \"PCG\",\n\t \"RRG\",\n\t \"S&P 500\",\n\t \"SRE\",\n\t \"XBT\",\n\t \"XEL\"\n\t ],\n\t \"articleSection\": [\n\t \"ETFs\",\n\t \"ETPs\",\n\t \"Forex\",\n\t \"Macro\",\n\t \"North America\",\n\t \"Region\",\n\t \"Securities\",\n\t \"Stocks\",\n\t \"Technical Analysis\",\n\t \"Text Articles\",\n\t \"Traders' Insight\"\n\t ],\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"CommentAction\",\n\t \"name\": \"Comment\",\n\t \"target\": [\n\t \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/chart-advisor-whos-right-this-time\\\/#respond\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/chart-advisor-whos-right-this-time\\\/\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/chart-advisor-whos-right-this-time\\\/\",\n\t \"name\": \"Chart Advisor: Who\u2019s Right this Time? | IBKR Campus US\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"primaryImageOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/chart-advisor-whos-right-this-time\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/chart-advisor-whos-right-this-time\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/04\\\/4231.png\",\n\t \"datePublished\": \"2025-04-24T13:30:11+00:00\",\n\t \"dateModified\": \"2025-04-24T14:44:23+00:00\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/chart-advisor-whos-right-this-time\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/chart-advisor-whos-right-this-time\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/04\\\/4231.png\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/04\\\/4231.png\",\n\t \"width\": 1878,\n\t \"height\": 840,\n\t \"caption\": \"Chart Advisor: Who\u2019s Right this Time?\"\n\t },\n\t {\n\t \"@type\": \"WebSite\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"name\": \"IBKR Campus US\",\n\t \"description\": \"Financial Education from Interactive Brokers\",\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"SearchAction\",\n\t \"target\": {\n\t \"@type\": \"EntryPoint\",\n\t \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t },\n\t \"query-input\": {\n\t \"@type\": \"PropertyValueSpecification\",\n\t \"valueRequired\": true,\n\t \"valueName\": \"search_term_string\"\n\t }\n\t }\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"Organization\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t \"name\": \"Interactive Brokers\",\n\t \"alternateName\": \"IBKR\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"logo\": {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"width\": 669,\n\t \"height\": 669,\n\t \"caption\": \"Interactive Brokers\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t },\n\t \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t },\n\t {\n\t \"@type\": \"Person\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/e823e46b42ca381080387e794318a485\",\n\t \"name\": \"Contributor Author\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/contributor-author\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Chart Advisor: Who\u2019s Right this Time? | Traders' Insight","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/222633\/","og_locale":"en_US","og_type":"article","og_title":"Chart Advisor: Who\u2019s Right this Time? | IBKR Campus US","og_description":"By\u00a0Justin S. Liberti, CMT 1\/ Find Leadership 2\/ A Deeper Dive 3\/\u00a0Who\u2019s Right this Time? Investopedia is partnering with CMT Association on this newsletter. \u00a0The contents of this newsletter are for informational and educational purposes only, however, and do not constitute investing advice. The guest authors, which may sell research to investors, and may trade […]","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/chart-advisor-whos-right-this-time\/","og_site_name":"IBKR Campus US","article_published_time":"2025-04-24T13:30:11+00:00","article_modified_time":"2025-04-24T14:44:23+00:00","og_image":[{"width":1878,"height":840,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/4231.png","type":"image\/png"}],"author":"Contributor Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Contributor Author","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/chart-advisor-whos-right-this-time\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/chart-advisor-whos-right-this-time\/"},"author":{"name":"Contributor Author","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485"},"headline":"Chart Advisor: Who\u2019s Right this Time?","datePublished":"2025-04-24T13:30:11+00:00","dateModified":"2025-04-24T14:44:23+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/chart-advisor-whos-right-this-time\/"},"wordCount":871,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/chart-advisor-whos-right-this-time\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/4231.png","keywords":["DUK","EXC","NDX","PCG","RRG","S&P 500","SRE","XBT","XEL"],"articleSection":["ETFs","ETPs","Forex","Macro","North America","Region","Securities","Stocks","Technical Analysis","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/chart-advisor-whos-right-this-time\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/chart-advisor-whos-right-this-time\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/chart-advisor-whos-right-this-time\/","name":"Chart Advisor: Who\u2019s Right this Time? | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/chart-advisor-whos-right-this-time\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/chart-advisor-whos-right-this-time\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/4231.png","datePublished":"2025-04-24T13:30:11+00:00","dateModified":"2025-04-24T14:44:23+00:00","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/chart-advisor-whos-right-this-time\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/chart-advisor-whos-right-this-time\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/4231.png","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/4231.png","width":1878,"height":840,"caption":"Chart Advisor: Who\u2019s Right this Time?"},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/e823e46b42ca381080387e794318a485","name":"Contributor Author","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/contributor-author\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/4231.png","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/222633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=222633"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/222633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/222634"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=222633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=222633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=222633"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=222633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}