Morning Update on EWA.NYSE vs. SPY.NYSE 31/12/2015

No change on this front in regards to relative outperformance of EWA.NYSE vs SPY.NYSE in the HOURLY TIME FRAME as of this writing.

EWA.NYSE ETF still out performing SPY.NYSE SPDR as can be seen on the chart. We now have an established UP TRENDING CHANNEL with price action registering higher peaks and higher troughs within the channel. A classic 2nd TF Dow Theory  Uptrend.

To add a further spice to this short term ratio analysis, I have included the EWG.NYSE (German ETF)  as well. EWA is also outperforming EWG in the short term hourly as shown in the bottom window. It may be short lived, but this fact can not be ignored until proven otherwise by our charts.

Lots of talk in the media about different Bonds out performing US equities at the moment, but nothing on this front !

In any case, SMART MONEY (C.O) may have discovered a new playing ground and we welcome them with our arms wide open.

If interested check the holdings of EWA.NYSE ETF.

ewavsspyewavsewg

Disclaimer

All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell, hold or short sell any financial instrument, nor is it financial advice.

Investing and trading in financial markets carries considerable risk, and should always be done in consultation with a licensed financial adviser taking your personal circumstances, financial situation, objectives and needs into consideration.

Links to other websites are inserted for convenience only and do not constitute endorsement of any of the material on those sites, or any associated organisation, product or service. Kazim Agaoglu is not responsible for the content of any site owned by a third party that may be linked to this website and such links are provided as a courtesy with no judgment or warranty being made concerning the suitability, accuracy or otherwise of the content on any such site.

Kazim Agaoglu disclaims any undertakings, warranties or guarantees, express or implied and shall not be liable for any loss or damage whatsoever arising out of in connection with the use of or reliance upon any of the information on this website. The user accepts sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information on this website is no substitute for financial advice.

 

 

 

 

 

Comments are closed.