2use
Short

Re: STOCKS: DESPITE RALLY, INVESTORS REMAIN DEFENSIVE!

SP:SPX   The S&P 500 Index
Seeing a great idea from our dear mod Technician, i decided to check this a bit more and see if there is any tight correlation. Going backwards i actually does show some correlation in 2011 and 2007. Whenever XLY/XLP changed a trend and/or showed divergence to the price action, the stock index would go down as well. The ration was good to be used to see the top even - something you dont quite see everyday.

Still after 2000, the ratio was not the best to follow. While it was going up, the stock marktes were going down. I guess the crashes were different and one of the pair was acting differently (most probably; further checking needed). Still should one believe the current dip may be a prequel to a a-la-2008 dip, then XLY/XLP is setting up for that - there is so far a downward trading channel, and the current top in it is the current top in the stock index. Should the ratio dip below the previous trend support line (1.40 - 1.47 depending on the place), it may be 2011-type first, and then see for yourself. A good idea to monitor these still, and something i discovered for myself. Again, props to Technician for bringing this to my attention.
still short from 20 days ago>? don't be so quick to rip others in their posts. user
-1 Reply
2use stockSMASH
Im not ripping anyone, i gave credit where credit is due. I don't owe anyone an absolute 100% prediction and i only shown support for the correlation between the two. Matter of fact, i am short and long.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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