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Crude Oil Update, ratio of XLE/NYA, HYG and Crude and a bunch of other stuff

11/10/2018 – overall, our key 75-76 level was hit and has caused the sell off. take a look at the charts below … some critical developments: the XLE/NYSE Index ratio has hit a perfect BUY PATTERN so expecting the energy complex to bounce/hold/consolidate as this level holds.  IF IT FAILS then the sell off will […]

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EEM and HYG

So, guess, of late, all the rage is the EEM new bull market. VERY HARD to believe but … let’s remove the subjectivity and pull out some patterns: EEM: banging right into .618/.786 retracement confluence – usually very strong R or S. in this case R. Note – a basic projection takes us up into […]

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HYG and Crude?

just was looking at HYG and noticed it looked like Crude. nice little correlation – not sure why.

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OK, one more on the 10 year …

wanted to show you a “quick look” at the ratio of HYG / IEF.  HYG is an ETF for Corporate Bonds….when we use ratio analysis we look for one security strengthening over another.  In this case, when the ratio goes down the HYG is underperforming the IEF (ten year ETF) and vice versa. note, the second […]

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