burtnette

XLY/XLP

XLY/XLP  
XLY/XLP  
Consolidating at a reasonable level. We'll continue to see a different market than we've had over the past few years as long as this ratio is below the 1.618 extension imo.

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please elaborate, thank you
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burtnette blakewhite
@blakewhite, quick explanation is that this is a ratio of consumer discretionary stocks compared to consumer staple stocks and the ratio is at a key resistance level. It is my opinion that if this ratio breaks out, we'll get more of the "tech stocks" rally. If it breaks down or consolidates, we'll see more staple type stocks outperform the growth stocks that have led the market in the past few years
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