Today’s Chart of the Day was shared on Twitter by Matthew Timpane (@offbeatoperator). The biggest topic in the markets this week has been the rotation out of Momentum stocks and into Value. The chart shows the performance of the Value ETF, $VLUE relative to the Momentum ETF, $MTUM, since 2013. When the line is falling, as it has been for years, it means Value is underperforming Momentum. As you can see, the ratio is currently testing its downtrend line after this week’s spike. If it can break out from this trendline, it would be a sign that the rotation from Momentum to Value is a real trend that could persist. Matthew says he’s betting that the ratio will fail to break out and that Value will resume underperforming Momentum.