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Re: rimshot post# 259

Sunday, 11/13/2011 12:08:42 PM

Sunday, November 13, 2011 12:08:42 PM

Post# of 758
updated NYA monthly chart since August, 2009, with SPX, INDU, and USO (oil)-

this chart #1 is followed by three SPX weekly charts accompanied by a total of 15 sector ETF's vs. their 10-week ema ...
these four charts are meant to be interpreted by using all the data presented within the entire group of charts:

*** as of November 11, 2011, the NYA price action is like the RUT in that it displays a noticeable level of negative divergence:

1. from the other indices,

2. from the oil price action, and

3. from the price action by some of the sector ETF's
(keep in mind that selected RUT components have an influence on the group of NYSE Common stocks within the NYA index)

NYA weekly closes and daily are here -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62535707



chart #2 - SPX weekly since August, 2009, with five sector ETF's

XLY - Consumer Discretionary, XLP - Consumer Staples, XRT - Retail, XLI - Industrials, XLK - Technology




chart #3 - SPX weekly since August, 2009, with five sector ETF's

XLB - Basic Materials , XLE - Energy, XLU - Utilities, XLF - Financials, IYR - REIT's



chart #4 - SPX weekly since August, 2009, with five sector ETF's

XLV - Healthcare, BBH - Biotech, IBB - Biotech, PBE - Biotech & Genome, XBI - S&P Biotech

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