Equal weight Discretionary breaking out as AMZN pauses. pic.twitter.com/fCTGpErM66 — Strategas (@StrategasRP) November 12, 2020 Today’s Chart of the Day was shared on Twitter by Strategas Research (@StrategasRP). It’s a chart of the Consumer Discretionary Sector over the past 3 years on an equally-weighted basis. Amazon is by far the largest stock in the Consumer […]
Chart of the Day – Tuesday, July 14th, 2020
This one is for the bulls… you want this level to hold moving forward $XLY $XLP pic.twitter.com/Q6RpuTR26K — Grant Hawkridge (@granthawkridge) July 14, 2020 Today’s Chart of the Day was shared on Twitter by Grant Hawkridge (@granthawkridge). It’s a ratio chart of the Consumer Discretionary sector ($XLY) vs. the Consumer Staples sector ($XLP). This ratio is […]
Chart of the Day – Friday, April 3rd, 2020
Equally weighted index, Offensive $XLF & $XLK & $XLY vs Defensive $XLP & $XLU & $XLV. Respecting a support and resistance level dating back to 2007. pic.twitter.com/1LrMpyrYDI — Grant Hawkridge (@granthawkridge) April 3, 2020 Today’s Chart of the Day was shared on Twitter by Grant Hawkridge (@granthawkridge). It’s a ratio chart showing a basket of the offensive […]
Be Cautious of Cap Weighting
We’re always looking for different ways to measure the animal spirits responsible for driving markets higher or lower. In many cases, we do this by examining the risk appetite of one asset class relative to another through a variety of intermarket and ratio analysis. Today we’ll look at the oft-cited Consumer Discretionary Sector SPDR ($XLY) […]
Chart of the Day – Monday, December 30th, 2019
$XLY / $XLP pic.twitter.com/UNncAVd3o6 — RSL (@rsandbachlaw) December 30, 2019 Earlier today, we asked our Twitter followers: What is the most important chart you’re watching heading into the new year? This chart from @rsandbachlaw was one that we thought was worth highlighting. It’s a ratio chart of the Consumer Discretionary ETF, $XLY, versus the Consumer […]