The Traderszone Network

Published in TZ Latest News 5 November, 2014 by The TZ Newswire Staff

XLY:XLP Ratio Breaks Down – AD Lines Remain Strong

Stocks were hit with pockets of selling pressure on Tuesday. The consumer discretionary, energy and materials sectors led the way lower. Consumer staples, financials and healthcare held up relatively well. Relative weakness in the consumer discretionary sector caused the XLY:XLP ratio to break down and turn negative for stocks overall. Notice that I have re-labeled the indicators to reflect their…