• This Ratio Might Be Sending A Warning Sign To Stocks

    14 days ago - By ETF Daily News

    Technical analyst Chris Kimble looks at an important consumer stocks ratio and sees potential for a major reversal.
    The Discretionary/Staples ratio has been in a solid uptrend over the past 8-years, inside of rising channel , which sends a bullish message to the stock market. It has been especially strong in the past 2-years.
    These rallies now have the XLY / XLP ratio at the top of rising channel , where a couple of weekly reversal patterns took place at (2). The price action over the past few weeks has NOT changed the overall trend-
    Joe Friday Just The Fact Ma'am: If steep rising support...
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