ISM PMI Part One

I have wanted to write about the PMI’s for a while now, but in the public eye (the blog) I kept putting off because the piece would be either one or two thousand words, or a book, and I didn’t love either idea. Then I started writing this “simple indicators” series and figured that I…

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…