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revisiting the XLP/SPX ratio … AGAIN in June 2015
Posted on June 27, 2015 1 Comment
time for another update … take note, HIGHER LOWS in the ratio and it bounced off the .786 retracement w/ a nice MONTHLY hammer. It sure appears this ratio is about to go up, which should put pressure on the stock market to move higher. this has taken a LONG time to itself out …. […]
the bladder of the fish and, well, Soybeans
Posted on February 13, 2015 Leave a Comment
had a “google hangout” w/ JC today and we zipped thru, easily, 6 different asset classes from stocks, commodities, single stocks and currencies in roughly 10 minutes. “check this out – boom boom boom” and “blah blah blah” – and we were done. question .. how long do you think it would take non-chartists? hours […]
here’s how powerful the XLP/SPX ratio is …
Posted on October 23, 2014 Leave a Comment
below are a couple intraday charts of the “ratio” of XLP/SPX. note, ALL the major inflections (even intraday) are equal/opposite the overall market. so, where does that leave us? Well, you can see a minor buy pattern (two blue triangles) but I favor lower where the .618/.786 overlap. If/when this ratio hits that level I […]
ratio’s are really powerful
Posted on October 10, 2014 Leave a Comment
been blogging a BUNCH about the importance of the XLP / SPY ratio. Why? Well, EVERY turn since 2000 has been nearly exact to the ratio turning up or turning down. here’s the chart: folks, it doesn’t get much better than that … the CANDLES is the ratio of XLP / SPY. The BLUE LINE […]
EURO and 138 …
Posted on September 24, 2014 Leave a Comment
usually try to stay away from blindly buying or selling the .618 retracement … that number is the usual first introduction of people using leading indicators and sometimes it works and sometimes it doesn’t and people eventually say “hogwash” and run away from these techniques — GOOD! however, when we have projections or overlapping patterns […]
revisiting the XLP/SPX ratio … AGAIN
Posted on September 23, 2014 Leave a Comment
folks, bringing this up, again, because this divergence is MONSTROUS. in order to show the divergence and how something is “not quite right in toon town” I’ve actually inverted the ratio to show the S&P 500 on top this time. t the only reason is it shows the amazing divergence present .. when you look […]
Let the market tell you – EURO quick look
Posted on September 19, 2014 1 Comment
CLIFF NOTES: follow the black dotted line to see where the major level has been for the Euro. Then, follow the orange line. Additionally, note a nice little cycle coming in at 778 days. We are off by a week, but that’s OK and – quite frankly – the reason is a little too esoteric […]
Would you SELL or BUY this chart?
Posted on September 19, 2014 2 Comments
Been active on Twitter and for my readers about some cycles hitting and square outs occurring and, well, blah blah blah. So as any technician is EXPECTED to do when the PATTERN has failed pretty dramatically, I hit “erase all” and went back to work. Asked myself … so, if the PATTERN SELL has failed […]
bunch of cycles coming together …but who cares
Posted on September 17, 2014 Leave a Comment
how many institutions are there out there ….? perhaps 30-50K? and, if you think about it they own 10MM+ shares of the big names. the “big names” have, on average, say 5MM shares / day traded. so, what happens if they try to get out of a non liquid market that has been manipulated by […]
Bart's Charts 