SPY & QQQ intraday chart observations by rimshot Message Board

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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot

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To: rimshot who wrote (1064)	1/23/2023 11:12:48 AM
From: rimshot	2 Recommendations Recommended By ajtj99 catou1 Read Replies (2) of 1309

XLK is the only 1 of 11 S&P 500 sectors now strongly out performing SPY as of 11:11 a.m. ET Monday Jan. 23 ... 9 of the 11 S&P 500 sectors are under performing SPY price action right now, using single day ratio analysis comparing now to Friday's ratio close * XLK is leading the day's gain for SPY and /ES ... will this condition last? ... and will narrow relative strength participation be adequate for bulls into day's end? * XLK vs. SPY daily ratio ( relative strength ) - stockcharts.com XLK daily chart with PMO analysis, Price Momentum Oscillator by Carl & Erin Swenlin - stockcharts.com XLF vs. SPY daily ratio ( relative strength ) - stockcharts.com XLY vs. SPY daily ratio ( relative strength ) - stockcharts.com XLV vs. SPY daily ratio ( relative strength ) - stockcharts.com * shown above for future vigilance are the daily ratio charts for XLK XLF XLY XLV vs. SPY to visually identify with ease whether relative performance by each of the four symbols is improving or declining relative to the SPY price action ... thereby, understanding their contributing or diminishing characteristic for the current SPY price action during the rolling chart duration each chart displays

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