SPDR Sector Relative Strength Pattern Pre USA Downgrade Repeats

By: readtheticker | Thu, Mar 21, 2013
Print Email
Alert

The 2012 stock market just before the USA was downgraded by credit agencies showed the same relative strength pattern as the market is today. Defensive sectors are leading. Of course we remember the 20% plunge in the SP500 that followed.

History may not repeat exactly, but is sure may rhyme.

The current SPDR Sector relative strength pattern is below. The defensive sectors like Health (XLV), Staples (XLP) and Utilities (XLU) are leading the current rally for the last 22 days.

Chart Points: When symbols are to the right they lead the relative strength, when symbols are high they have the better trends.

Alert - Risk is elevated. Who says so? The long only funds say so!

Members of readtheticker.com can construct studies like this at ease.

current SPDR Sector relative strength pattern
Larger Image

 


 

readtheticker

Author: readtheticker

readtheticker
www.readtheticker.com/
www.readtheticker.com/Pages/Blog1.aspx

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

LEGAL DISCLAIMER: The material is presented for educational purposes only and may contain errors or omissions and are subject to change without notice. Readtheticker.com (or 'RTT') members and or associates are NOT responsible for any actions you may take on any comments, advice,annotations or advertisement presented in this content. This material is not presented to be a recommendation to buy or sell any financial instrument (including but not limited to stocks, forex, options, bonds or futures, on any exchange in the world) or as 'investment advice'. Readtheticker.com members may have a position in any company or security mentioned herein.

Copyright © 2011-2014 readtheticker.com

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com

SEARCH





TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/