The Shift From Offense to Defense ๐ The Chart Report
Chart of the Day
๐ Today's Chart of the Day was shared by Sam Gatlin.
Often hailed as the โbest financial analyst on Wall Street,โ the Equal Weight Discretionary versus Staples ratio (RSPD/RSPS) is at risk of completing a multi-month top.
The ratio has rolled over into former resistance from last May, following a failed breakout in late Q3.
Having posted its worst day since the Liberation Day selloff on Friday, this weekโs action will offer key insight into whether bearish momentum continues.
The Takeaway: The Equal Weight Discretionary-to-Staples ratio is retesting last summerโs highs, with a breakdown signaling further risk-off conditions.
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