Would you consider this a possible Cup and Handle pattern?
XLC looks relatively strong, good for a long exposure on relative basis.
The Growth/Value ratio broke key resistance last week signaling increased risk appetite. A future break down in this ratio would be bearish.
We have almost reached the old low of September 2021 again which has proved several time as a support or resistance zone. I expect it to hold another time. But mind the double top. Perhaps it is the last test of the upside.
Growth has some work to do to regain superiority over value
After value stocks were stronger last weeks, also growth stocks seems only to tested the Moving Average, as several times before... Now growth stocks may be back in focus to be great opportunities for the next month
Value showing meaningful outperformance for the first time in a decade. Might see a pause here as ratio bounces off of key support zone.
You have likely seen the growth sector top out, especially versus value just like when the tech bubble burst last time. be nimble
The Russell 1000 growth/value ratio has formed a head and shoulders pattern, indicating growth stocks may be in trouble and value may be on its way back
are we seriously moving to value. There's the potential and me being wrong is what makes me think this could be right, even if its hard to say out loud. Anyways, the idea of value out performance is there. just my thoughts
Buyers have created a double top from a few days ago which held prices down. Once sellers were able to prove they had the strength to create double tops, they then came in with 3 lower high bull failures completely derailing the bulls from the wedge breakout up. Now, with a fake-break of the wedge top and heavy bear momentum back in, sellers will be hunting for...
Eifel Tower moment in the making? time to exit the growth trade and buy some value ala Buffett in 99'
US Market Growth (IWF) continues to out perform Value (IWD)