xlp | Bart's Charts

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 […]

XLK/XLP update – Ratio Analysis and the power of waiting – update 11/5

Posted on September 8, 2020 Leave a Comment

11/05/2020 – yes, some insanity is ongoing everywhere. that being said, we trust PATTERNS and tune out all the noise. In this case, we had the expected reaction to the resistance levels sighted below and, now with this rally, we have another SELL pattern coming into play. SELL THE RATIO = SELL TECH. NOTE – […]

XLK / XLP – still has major resistance just a little higher!

Posted on August 5, 2020 Leave a Comment

we had a sell off on the ratio a couple weeks ago BUT there was not follow thru and we still have the lingering level just a little higher which is the real test … again, until we have a strong weekly close above this level I’m in the conservative/flat camp as far at the […]

Technology – kaboom

Posted on July 6, 2020 Leave a Comment

watch this ratio as a key to provide support and resistance for technology names …

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 […]