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

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 […]

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Technology – kaboom

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

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the ratio has HUGE support

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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Ratio (XLP/NYSE Index) update

probably triangle completing which should resolve w/ a continuation of the bull trend in the ratio = negative for equities

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XLP/NYSE Index ratio – BUY

this ratio xlp/nya is a GREAT guidepost .. buy pattern complete. if it holds and starts back up expect selling to being again .. KEY LEVEL

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XLP/NYA ratio …

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

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the ratio … what’s it saying

…. ratio has exploded but appears we are running into stiff resistance

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Intraday BUY ratio = sell equities

…using ratio analysis we can support risk on/ risk off strategies. in this case we use the Staples ETF (XLP) versus the NYSE Index

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