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Ratio Analysis Time – June 28, 2023

Was over on the Top Gun options group chat working some NVDA charting and I decided to pull out some ratio analysis on the XLP and NVDA. XLP/NVDA Some stuff we need to consider: When we add up the 20 year trend line support that sure looks like it wants to hold and the ratio […]

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Ratio showing us something …or not?

well, we have a DAILY breakout above the channel that has been defining the ratio for pretty much all of 2021. is this a valid breakout or a gotcha? I’ll make an educated guess once we close this week out … looking for a WEEKLY close above the top of the channel w/ strength. will […]

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Ratio (XLP/NYSE Index) update

probably triangle completing which should resolve w/ a continuation of the bull trend in the ratio = negative for equities

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the ratio … what’s it saying

…. ratio has exploded but appears we are running into stiff resistance

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