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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
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Dots

...If the dots don't connect, gather more dots until they do...

TGIF

TGIF

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Wednesday, May 02, 2012

SPX:DBC Ratio and Comparison Charts on my Radar

This 3-year Daily chart of the SPX:DBC ratio (S&P 500 Index and Commodities ETF) shows that the SPX is up against major resistance, and is under the influence of declining RSI, MACD, and Stochastics indicators.


This next Daily chart shows a comparison of the SPX to DBC. They've been pretty closely correlated over the past year. I'm paying attention to the recent dip in DBC to see whether it continues down and whether the SPX follows.