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- Last Update: 18 December 2018, 6:11
Categories:Gold / Gold Stocks
11/02/2018-->Failure for the Mining Sector? --> Bullish Percents are falling again and RS very weak to Gold
10/12/2017-->Updated: $USB vs. $CRB Monthly Chart middle p.4:
'Ratio support' still holding; Bonds further in long term Uptrend to Commodities or vice versa Commodities topping out relative to Bonds
15/10/2017-->Japanese Nikkei Index looks like a new relative outperformer in the relationship vs. DJ World Index (rising ratio line)
+ multi year breakout for $NIKK in the making! ( p.4 )
Could bode well for the global economy.
27/04/2012--> Re-newed chart p. 2: Dow Jones Germany Stock Index ($DEDOW) intraday. Using now the DJ Index because it updates during the trading day. The country index tracks the main country index quite well.
23/09/2009-->Added $BDI [Baltic Dry Index] into $SPX-Weekly Chart p.3 with explanation from wikipedia
03/06/2007-->NIKKEI-Index [middle of page 4] with GOLD & DowJones World-Index; Could be a proxy for inflationary tendencies and the world economic trend.Keep watching this chart.
28/01/2007--> NOTE_$NASI:QQQQ RATIO-CHART supplementary to $NDX-Daily-Chart p.2 with short explanation !
01/06/2006--> Additional chart bottom p.1: IVE [S&P 500 Value iShares] vs IJT [SmCap 600 Growth iShares] RATIO chart
29/05/2006--> SPY vs TLT Stock/Bond_ Money rotation [p.2] ; Re-newed chart plots the relative performance between SPY [S&P500 SPDR] and the TLT [20 Year Treasury Bond Fund (Leh) iShares].
04/05/2006--> NOTE:Due to the Sharpcharts2 release I?m re-organizing the list step by step & re-newed charts begin frontpage
Flip through the charts!
Deflationary/Inflationary tendencies !?
A Summary of Chart-Studies and -Comments
--> World-Markets,Intermarket-Charts & more
Chart above shows the long term trend-chart for the 10-Year-Bond-Yields.
Easily to be seen, that the [major] downtrend in blue is not broken to the upside and a lot of resistance ahead [5,40% level +/-]
On the other side, there could be a new uptrend for the Bond-Yields in the making since the low in 2003.
Indicator windows show Stochastic overbought; MACD/PPO extended?
Chart above plots the relative performance between SPY [S&P500 SPDR] and the TLT [20+ Year Treasury Bond Fund (Leh) iShares].
The orange line is the ratio SPY:TLT. A rising ratio-line indicates, that SPY is outperforming TLT [vice versa for a declining ratio]
Pink dashed: SPY since the last significant market bottom +/-
Blue dashed: TLT 20+ Year Treasury Bond Fund (Leh) iShares_ [falling TLT-line indicates rising yields [vice versa for a rising TLT]
Since the start of 2006, the ratio is strong rising, indicating a relative outperformance by SPY.
In other words: Money rotates out of Bonds into stocks.
Keep watching for a turning point.
07/05/2005: Now that we have seen a pullback, strong resistance 1184 or - domination.
Candlestick pattern could be a bearish so called 'FALLING THREE METHODS'.
13/10/2013-->$SPX above daily MA(20): Healthy combination
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?
05/03/2005 : Like Transportations, new highs ! [DOW Theory!]
11/05/2005: Resistance confirmed--> high volume drop.
26/04/2005: Not much volume the way up - Patience - below average volume !
03/02/2005: Above support for now; BUT OnBalanceVolume+CMF negative divergent;
Daily volume(chart above) weak!
13/10/2013-->$NDX above daily MA(20): Healthy combination
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).
-->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
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