This Sleepy Industry Could Begin to Out-Perform

This Sleepy Industry Could Begin to Out-Perform

2013-04-22 · by · in Companies, Equities, Ratios, Sectors, Spread Trade, SPX, Technical Analysis

The ratio of the DJ Electricity Index vs. SPX is plotted below. The ratio appears to have broken out from a bullish descending wedge pattern last week. A similar pattern formed b/t 2000-2004.  When it completed and broke out, the…...

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