Monday, March 05, 2018 9:37:26 AM
XLK daily version #2 showing the XLK:SPY
ratio displayed at the bottom of this chart
provides the evidence which Art Hill
discusses in his March 3rd blog post
at SC that:
XLK is the strongest of the 11 sector Spyders,
and since it is the largest percentage contribution
to the daily SPY and SPX price action,
is an extremely important
vigilance watch for traders
note: the XLK to SPY ratio rests in late February and early
March 2018 at new record highs, since the "bubble" decline slide days of 1999 to 2003
chart #1 -
chart #2 - 20 year history for the XLK:SPY ratio's daily closes
ratio displayed at the bottom of this chart
provides the evidence which Art Hill
discusses in his March 3rd blog post
at SC that:
XLK is the strongest of the 11 sector Spyders,
and since it is the largest percentage contribution
to the daily SPY and SPX price action,
is an extremely important
vigilance watch for traders
note: the XLK to SPY ratio rests in late February and early
March 2018 at new record highs, since the "bubble" decline slide days of 1999 to 2003
chart #1 -
chart #2 - 20 year history for the XLK:SPY ratio's daily closes
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