Updated Market Risk Grid

135 1 3
I post these occasionally. It keeps me honest, and I hope it does the same for you.

Once again, looking at renko charts and price channels tend to simplify price action, which can often send confusing or mixed signals. They are not to trade from, but rather to form an overall bias or context.

Still no long term signs of rotation to safety in the overall market, which should be no surprise, since we made new highs last week. The IWM/SPY ratio was starting to put in a series of lower lows last year, but has since started to reverse course into an uptrend and the short term LR base line continues its upward slope. The same goes for the SPY/TLT ratio, and SPY/GLD ratio.

With all the bears out there talking crash, and loading the boat with shorts, it's good to keep perspective on what's going on under the covers.

In the end just remember, apart from bragging rights, there's absolutely no reason to "catch the top". Play the dominant trend, and you will shift from player odds to house odds.
Very good thanks !
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out