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XLP/NYA – wow what a level
Posted on May 27, 2021 Leave a Comment
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 […]
XLP/NYA at it again …
Posted on May 13, 2021 1 Comment
the ratio at it again … last post on XLP/ NYA: https://atomic-temporary-44460632.wpcomstaging.com/2021/05/05/xlp-nya-our-favorite-ratio-and-a-twist/ today, the ratio went and smacked right into an hourly pattern SELL (yellow highlight) and a 15 minute butterfly sell (light blue) … when the ratio goes DOWN the market goes UP. pattern hit perfectly and the rally ensued … now, it’s time […]
the ratio (XLP/NYA) is the ONLY thing I’m watching w/ regard to equities …
Posted on March 21, 2021 Leave a Comment
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 […]
don’t forget this target on my favorite ratio …
Posted on March 1, 2021 Leave a Comment
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 […]
XLP/$NYA – intraday update
Posted on January 30, 2021 Leave a Comment
XLP/NYA hit a nice buy pattern on Friday and based on the entire days action, there is another “minor” buy pattern appearing. if both of these hold, then the staples should continue to outperform which traditionally causes equity weakness. if we lose the levels, then we have the .786 ratio a little lower … either […]
Ratio analysis, key level hit on the XLP/ NYSE Index
Posted on January 24, 2021 2 Comments
we have a very KEY level of support on the XLP/NYSE Index ratio. as you can see below … we have the measured move (dashed red line) equal to the largest correction in the ratio since the low in 2007 and w/ that the lowest level on the RSI in 12+ years. note, a bullish […]
XLP/$NYA update
Posted on November 30, 2020 Leave a Comment
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 […]
Banks – where are they?
Posted on September 9, 2020 Leave a Comment
there is an old adage – the banks lead you up and lead you down. the market has blasted to old all time highs or thru them and the banks…? well, they rallied a little but have not shown the strength of the overall market, especially technology. let’s keep a close eye on them over […]
the ratio has HUGE support
Posted on June 8, 2020 Leave a Comment
can’t believe it’s been since mid-april since I posted about the market. at the time, I spied a triangle forming which proved to be wrong and it broke down and the market has continued it’s advance. humbling for sure .. when I was working up the triangle thesis I came up w/ the level that’s […]
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