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RE: Caterpillar On Deck Next
Nice, I like the FXI comparison. Another correlation that I look at is the SPY compared to XLI (SPDR Industrial ETF), which is on the verge of breaking out the range.
Nice, I like the FXI comparison. Another correlation that I look at is the SPY compared to XLI (SPDR Industrial ETF), which is on the verge of breaking out the range.
XLI will be a big rebound if there is progress on the trade deal. I am certainly underweight that sector, other than CAT and GE. I will have another closer look.
The Buy:Sell chart is the same - turned in Jan 2018 and long before the tariffs story.
I would want to see a lower high on this chart. BUT I have a feeling that there could be stronger trades on the constituents - e.g., HON or UTX - time to dig deeper.