Financials on the verge of another relative strength low. Look no further than 10yr yields. Never before has the fate of financials been tied more closely to yields. pic.twitter.com/gH1J9jnXgi — RenMac: Renaissance Macro Research (@RenMacLLC) July 8, 2020 Today’s Chart of the Day was shared on Twitter by Renaissance Macro Research (@RenMacLLC). It’s a chart […]
Chart of the Day – Wednesday, May 13th, 2020
Asking for a friend. $BKX $SPX pic.twitter.com/lXk56nE0uQ — Mark Ungewitter (@mark_ungewitter) May 13, 2020 Today’s Chart of the Day was shared on Twitter by Mark Ungewitter (@mark_ungewitter). It’s a ratio chart of the Bank Index ($BKX) versus the S&P 500 index over the past 15 years. This ratio made an all-time low today. In other words, […]
Chart of the Day – Friday, April 3rd, 2020
Equally weighted index, Offensive $XLF & $XLK & $XLY vs Defensive $XLP & $XLU & $XLV. Respecting a support and resistance level dating back to 2007. pic.twitter.com/1LrMpyrYDI — Grant Hawkridge (@granthawkridge) April 3, 2020 Today’s Chart of the Day was shared on Twitter by Grant Hawkridge (@granthawkridge). It’s a ratio chart showing a basket of the offensive […]
Chart of the Day – Friday, January 24th, 2020
$XLF Financials are getting rejected at an important level pic.twitter.com/czl0taIjp5 — Jack (@alphacharts365) January 24, 2020 Today’s Chart of the Day was shared on Twitter by Jack (@alphacharts365). It’s a line chart of the Financial Sector ETF, $XLF, going back to 2006. Jack points out that $XLF is struggling to break above a key resistance […]
Chart of the Day – Tuesday, November 26th, 2019
Until this two-year chart of the $XLF looks much less constructive, have to expect further market strength. $SPY $SPX #bigbasebreakout pic.twitter.com/QjI6ilfD5K — David Keller, CMT (@DKellerCMT) November 26, 2019 Today’s Chart of the Day was shared on Twitter by David Keller (@DKellerCMT). It’s a daily bar chart of the Financial sector ETF, $XLF, over the […]