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Ratio showing us something …or not?
Posted on December 13, 2021 Leave a Comment
well, we have a DAILY breakout above the channel that has been defining the ratio for pretty much all of 2021. is this a valid breakout or a gotcha? I’ll make an educated guess once we close this week out … looking for a WEEKLY close above the top of the channel w/ strength. will […]
XLP / NYSE Index Updated
Posted on November 7, 2021 Leave a Comment
would still like the ratio to get down to the “major support zone” to get a real feel for the continued bull run. also, continue to watch Banking Index.
the ratio … interesting to say the least
Posted on September 28, 2021 Leave a Comment
as you all know, I watch the XLP/NYSE Index ratio for key inflection points .. when the ratio goes UP then “staples” (think risk off) have more relative strength and when the ratio goes DOWN then the overall market (think risk on) is stronger from a relative strength perspective with the recent market action … […]
been watching the XLP/NYA level …
Posted on August 22, 2021 Leave a Comment
last post: https://atomic-temporary-44460632.wpcomstaging.com/2021/05/05/xlp-nya-our-favorite-ratio-and-a-twist/ as the market continued to climb to new highs, if you look at the chart below you’ll notice that it did not move to new lows. no, in fact it has been basing since Feb .. almost 6 months. in a truly bullish environment, it would be game on and this ratio […]
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 […]
XLP/$NYA – our favorite ratio and a twist…
Posted on May 5, 2021 2 Comments
you realize I watch the XLP/NYA ratio – a lot – and one of the things that I never did till today is look at the “time” component of the first leg down from the XLP inception. today I did and that “time” component aligns nicely w/ a “May” timeframe to really be on the […]
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 […]
the Ratio … XLP/NYA giving us clues
Posted on February 14, 2021 1 Comment
the last time I posted about the XLP/NYA was here: https://atomic-temporary-44460632.wpcomstaging.com/2021/01/24/ratio-analysis-key-level-hit-on-the-xlp-nyse-index/ as you can see, the ratio hit this level, held and the market sold off for a couple days. the market strength the past week has been impressive and, with that, the ratio “failed” at the level indicated and, as you can see, we […]
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