XIJ/XJO Ratio Analysis of ASX 200 Technology Sector to XJO.

Sector of interest XIJ from within XAO and that of XJO. Ratio analysis or relative strength analysis clearly shows it’s relative outperformance against that of XJO and also the overbought conditions that it has now reached. This overbought conditions worth comparing with the prior 2010 correction as there are some similarities.

What will be the next emerging sector from within XJO ? I will look at number of sectors and publish another post over the coming days.

Monthly chart of XIJ/XJO is courtesy of tradingview.com

xijxjomonthly15032019

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