Search in ideas for "RATIO CHART"
IWM/SHY Sell SignalClear perfect H&S top in the IWM/SHY ratio chart. Predicts that short term bonds will now outperform the Russell 2k and the target of the pattern is a new low in the ratio. This implies that the Russell is likely to break to new lows while short term bonds should remain strong. If short term bonds were to decline at the same time as the Russell, the decline in the Russell will be more severe.
JSE Life Assurance vs JSE Top 40. Nearing Overbought?The JSE Life Assurance Sector is approaching overbought levels relative to the JSE Top 40 Index. Considering the distance of the ratio chart vs the 200-day SMA, sector trades 13% above the moving average. This is the highest level since 2019 (as far the current data goes back). Why is this chart relevant? For traders who currently hold life insurers or are overweight the sector, the distance vs the 200-day SMA may indicate an overextension and that a pullback from at or around current levels is possible. Alternatively, if for investors who have been overweight the sector, it may be an opportunity to shift to an equal-weight position.
TSLA VS SLVIt looks like today's big move up in TSLA might be fake to provide liquidity for Smart Money if it reverses all the way back down tomorrow. Smart money needs to turn all these buyers into sellers so that they can load up on Longs at gap fill around 220.
This ratio chart is telling me that SLV should outperform TSLA so TSLA has to fall while SLV has to rise. Funny how it bottomed at 5, 7 and possible 9 for about 1 week before it rises.
NIFTYBANKIt is braking out from the short term down trend in ratio chart hence it may possible that Bank nifty will outperform nifty in coming days/weeks. Further, nifty has given negative weekly close while bank nifty has given positive weekly close. That's also positive sign. Find outperforming bank and get good upside
NDXSPX Ratio analysis monthly long termLong term NDXSPX Ratio Chart showing lose money irrespective of destructive future taxes and debt of a Biden (uses economy as a demand side policy atm with no supply side plans of good future funding offsets) economy, has pulled us out temporarily from a fall but will this make the longer term or intermediate term fall that much worse....economics says yes, there's always a tradeoff!