Don't Ignore This Chart!

Nasdaq underperforming the NY Composite

Ratio charts allow chartists to compare the performance of one security against another. The chart below plots the ratio of the Nasdaq and the NY Composite. The Nasdaq is underperforming because this ratio ($COMPQ:$NYA) has been falling since June. 

Click this image for details
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus