Interesting relationship here 0.95 sixty week CC IYT = 100% Industrials (obviosuly) IWM = 16% Industrials IYT = 45% Large cap, 45% Mid cap IWM = 66% Small Cap, 15% Micro cap
Fresh weekly closing ATH Fibs are noteworthy
Lithium ETF LIT, much like the rest of the market has been hit significantly due to the coronavirus. BUT relative to the S&P 500,it appears to be holding up just fine.
1.50 on the ratio is crucial. US stocks priced in gold have performed terribly over the last 20 years. Stocks up, dollar down, costs up = is this a win?
NASDAQ 100 KISSED 50% LAST WEEK, BUT REMAINS LOWER TO CLOSE THE WEEK.
Volume precedes price, except when it doesn't.
Will TSX vs. SPX follow XLE vs. SPY on its journey lower?
The ratio remains at levels last seen in '99. Bullish RSI Divergence - should we expect Canadian stocks to outperform in the interim?
AUDJPY began diverging from US equities in 2018, it is becoming more correlated in recent weeks but is still a great gauge of risk sentiment
Looking at Emerging Market Debt vs. US Treasury Bonds ratio - is this evidence of risk on?
Look how RYH (EW Healthcare) performed relative to XLV (CW Healthcare) after the market bottomed in 2009? Interesting, since inception the EW ETF is crushing its Cap weighted cohort
The 2 strongest industries within HC - would like to see momentum confirm the move higher.
Let's remember John Murphy's intermarket wisdom, we'd like to see the dollar weaken if a new bull market in Gold is to occur.