LONG-TERM RELATIVE RATIO CHARTS – Industrial SECTOR
Beginning with this post I began showing the relative ratios of all US equity industries vs. the SPX across their entire history. Posts will be grouped by sector, and each sector post will show all the relative sub-industries within it. I’ve generally tried to only…
Opportunities in the Building Products & Construction Materials Space
Chart below plots the S&P Building Products Index. Remarkably, off its lows last October, the index is up ~145%. Now the index is approaching resistance line (1) dating back to 2007. It’s also approaching resistance region (A) which dates back…...