Taking a Look at Market Leadership Groups

2012-08-24 · by · in Equities, Financials, Homebuilders, Ratios, Sectors, SPX, Technical Analysis

The chart below plots the ratio of the SPX vs. XLF. When the ratio falls, financials are out-performing the broader market. Since 2010, when the ratio has fallen to line (1) support, it has marked almost perfectly, broader market tops in…

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