Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

What a Pair This Market Has!

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

By using the custom symbols feature in SlopeCharts, I’ve put together a series of interesting pairs charts (or ratio charts, if you prefer). Here are four up-to-date ones I think are rather interesting. I’ve made a few remarks in the caption of each one.

Liquidity moves markets!

Follow the money. Find the profits! 
IWM/TLT which seems poised to go lower, suggesting lower small caps prices, higher bond prices, or some combination.
GDXJ/EEM, which has a bullish formation, suggesting precious metals miners are going to go higher, emerging market equities are going to go lower, or both
The same chart as the one above, except the symbols are flipped. This offers a different perspective.
$RUT/$SPX which is my favorite chart of them all. Even though both symbols represent broad equity baskets, this strongly suggests small caps will be much weaker than the components of the S&P 500.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Try Lee Adler's Technical Trader risk free for 90 days! Follow the money. Find the profits!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.