Archives

XLP/NYA – wow what a level

wait for a close ABOVE the dashed green line to short stocks. last post on XLP/NYA: https://atomic-temporary-44460632.wpcomstaging.com/2021/05/13/xlp-nya-at-it-again/ we have 6 ratios at the low on the ratio – that SHOULD provide monstrous support … but look at the thrust into the level. begs of caution … so, check out the ratio on Monday and next […]

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XLP/$NYA – our favorite ratio and a twist…

you realize I watch the XLP/NYA ratio – a lot – and one of the things that I never did till today is look at the “time” component of the first leg down from the XLP inception. today I did and that “time” component aligns nicely w/ a “May” timeframe to really be on the […]

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the ratio (XLP/NYA) is the ONLY thing I’m watching w/ regard to equities …

I’ve been monitoring the ratio, daily, for a while as I really wanted the ratio to go down into the “major support” area as I could then feel probability was on my side to take a crack at shorting the market. yes, shorting the market … if you’ve been reading my blog for a while […]

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don’t forget this target on my favorite ratio …

note, on the monthly, looks like we will start the month closed below the key trend line from 2007. and he market accelerated upward. that being said, we are approaching the “target zone” for a lot of math and I also want to call your attention to the monthly RSI and the support zone that […]

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XLP/$NYA update

you can go to any financial site and check out “why” the equities sold off today … it could be any number of reasons. at the end of last week, we had a double 3 drives to a top pattern w/ timing that said “monday” is important … to me, it is as simple as […]

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XLP/NYA ratio …

ratio slowing it’s advance .. pay attention for “trade” like support …

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Ratio … appearing again

if you have been following me for a while you know I love the XLP / NYA ratio … well, it’s showing a very nice BUY pattern which ‘should’ (if it works) signify a SELL equities. here’s the chart …

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monitoring the NYSE Inex

my last two posts concerning the NYSE Index and the relative strength of the index (ratio analysis) are here: just providing an update as it looks like the NYSE Index is about to start a ‘corrective’ leg down … then, ultimately, I will be looking for the BUY PATTERN lower (will try to update if/when […]

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New York Stock Exchange Index – $NYA

the NYSE Index has a TON of stocks in it and is a very good gauge of the overall health of the market.  As you can see there is still a much bigger target (almost perfect – an AB-CD and 1.618 extension on top of each other ON A MONTHLY) out there in/around 14217. But […]

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Continuing to Monitor the XLP / NYA important ratio …

did this for Andy and the gang @seeitmarket: https://www.seeitmarket.com/are-consumer-staples-signaling-a-volatility-omen-17331/ here’s an update as of Friday’s close: If I learned anything from getting my CMT it was the power of ration analysis.  X/Y …. If X is stronger the chart goes up and if Y is stronger then the chart goes down. And, since we are charting […]

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