The Basic Materials and Utilities Ratio: Just Call It The Real Time PMI

Basic Materials/Utilities XLB/XLU…The Real Time PMI? So the Basic Materials/Utilities ratio is calculated by simply dividing one by the other. If you have the SP Sector data then you can use that or just use the sector ETF’s of XLB/XLU.  In Excel it would be =XLB/XLU, in Stockcharts.com it would be XLB:XLU, etc. It is…

Market Sentiment 101.1

“The time to buy is when there’s blood in the streets.”-Nathan Rothschild…maybe Nathan Rothschild is credited with saying that quote, but no one seems to know if he actually said it. Regardless of if he said it or not, the idea rings true. Buy things when no one wants them, and sell them, when everyone…