Broad Look To Various Markets
*000 SWA SPY:TLT - Weekly Line (solid), Stock/Bond_ Money rotation
29/05/2006:
Chart above plots the relative performance between SPY [S&P500 SPDR] and the TLT [20+ Year Treasury Bond Fund (Leh) iShares].
The orange line is the ratio SPY:TLT. A rising ratio-line indicates, that SPY is outperforming TLT [vice versa for a declining ratio]
Pink dashed: SPY since the last significant market bottom +/-
Blue dashed: TLT 20+ Year Treasury Bond Fund (Leh) iShares_ [falling TLT-line indicates rising yields [vice versa for a rising TLT]
Since the start of 2006, the ratio is strong rising, indicating a relative outperformance by SPY.
In other words: Money rotates out of Bonds into stocks.
Keep watching for a turning point.
A23 $SPX- Weekly Candlesticks
07/05/2005: Now that we have seen a pullback, strong resistance 1184 or - domination.
Candlestick pattern could be a bearish so called 'FALLING THREE METHODS'.
A30 $SPX- Daily Candlesticks
09/07/2005: Within two days from support to resistance; Indicators improving; MA(20) now support.
08/06/2005: 'Reversal-pattern' at resistance; Indicators rolling over, higher 'down-volume'. End of run near?
A300 S&P500-$SPX- Daily Candlesticks , MA's
07/03/2013-->Broadening Formation [TOP] in the making?
10/03/2005: 1212-support failed so far; down with volume[chart above!]
28/01/2005: Resistance zone 1175-1185 seems to be strong
A3112 Dow Jones-DIA- Daily Candlesticks, MA's Transports behind
05/03/2005 : Like Transportations, new highs ! [DOW Theory!]
A31121a DIA-Dow Jones as Indexshare-Daily Volume
11/05/2005: Resistance confirmed--> high volume drop.
26/04/2005: Not much volume the way up - Patience - below average volume !
A31122 DAI-60min Volume Candlesticks
03/02/2005: Above support for now; BUT OnBalanceVolume+CMF negative divergent;
Daily volume(chart above) weak!
A32 $NDX- Daily Candlesticks
07/03/2013-->Broadening TOP-Formation in the making?
12/12/2005: First 'close' below MA(20) since a while; Bollinger Bands very tight and ready for a stronger move to come (up or down).
A41 $NDX(QQQ)- 60 min Volume Candlesticks, Huge (
-->GOLDEN AREA QQQQ:SPY RATIO:
The Big TECHS drive the markets :up or down.
Leadership by Tech issues is in general positive for the other markets, too. [a rising ratio-line]
Markets in trouble: a falling ratio-line means loosing the leader
A411-$NDX- 60 Minute Candlesticks,
-->GOLDEN AREA QQQ:SPY RATIO:
The Big TECHS drive the markets :up or down.
Leadership by Tech issues is in general positive for the other markets, too. [a rising ratio-line]
Markets in trouble: a falling ratio-line means loosing the leader
This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Use for more details.