xlp/nya | Bart's Charts

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 […]

XLP/NYA ratio update

Posted on February 1, 2021 Leave a Comment

the PATTERN failed this AM and the market pushed higher. for a correction in the market to continue in earnest, you can see we need the .786 level to hold. right now, the low back in late/mid January should not be taken out to the downside w/out a little more pullback in equities. also, note […]

XLP/$NYA – intraday update

Posted on January 30, 2021 Leave a Comment

XLP/NYA hit a nice buy pattern on Friday and based on the entire days action, there is another “minor” buy pattern appearing. if both of these hold, then the staples should continue to outperform which traditionally causes equity weakness. if we lose the levels, then we have the .786 ratio a little lower … either […]

Ratio analysis, key level hit on the XLP/ NYSE Index

Posted on January 24, 2021 2 Comments

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 […]

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 […]