Markets Are Historically Healthy When These Take Place
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Value/Growth ratio… spent about a year and of late has broken out.
Discretionary/Staples ratio…pushing above a pennant patter, with support in place that started back in 2010
Russell/S&P ratio… hit support in October of 2014 and continues to move higher, reflecting an out performance on the part of small caps.
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Historically when these ratios and the A/D lines are heading higher, markets are reflecting positive/bullish price action.
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