3M Eurodollar futures haven't bought into the recent sell off in bonds...yet.
Trading within an 8% range from its June peak. Nikkei 225 futures failed to form a new high this week. MACD bullish crossover earlier in the week puts the histogram in the green...
ED has strongly obeyed this principle over the years! RSI is yet to determine a "bias".
The ratio is still beneath a downtrend line beginning in Jan 2015.
Is it Growth versus Value or Tech versus Financials and Energy EW Tech vs. (EW Financials + EW Energy) Divergences from Growth vs. Value have been notable in the past
Dividend adjusted and unadjusted price data. Unadjusted, INTC Is still below its ATH. Adjusted, INTC is above its 2000 high.
Tough week for the US Dollar.. Circular relationships are important.
This ratio is nearing a significant zone. Daily RSI is notable!
2.9440 is a clear level to trade against. 2 weekly RSI close >70
Wind energy finished slightly lower relative to Solar this week. Interesting relationship, both industries had very strong weeks. TAN +6.04% FAN +6.29%
Weekly % Change $SLY+5.78% $RSP +5.44% $SPY +2.33% Check out how correlated SLY vs. SPY is to RSP vs. SPY right now.. Additional evidence of improving market breadth? A-D Line for SPX making new ATHs..