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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 analysis, key level hit on the XLP/ NYSE Index

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 […]

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28.48 and the DOW

if you do a search around music on this blog you’ll see a pretty long post about using music and logs to calculate targets. a chart from that blog is here: until tonight did I think about the correction this year and it’s harmony w/ 28.48. well, shucks, it perfectly nailed the .382 from that […]

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Dollar Index … here we go and UPDATE

Dollar Index … some big picture considerations.

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