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Index Charts
Index Charts
( Charts are updated daily )
The below Internal Strength
Chart, which is a function of all 41 Sectors, has
provided all the Buy /Sell turning points. It appears to
provide better timing results then all the other
Indicators. If you know of a better Indicator, please
let me know about it. Thanks.
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The below chart depicts the Internal
Strength of the composite
of all 41 Select Sectors. It is the heartbeat of the
collection of
Sectors and may provide short term trading insight.
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SelectSectors Index( SSx ),
which is based on the composite
of all 41 Select Sectors, in terms of Hurst Envelopes.
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SelectSectors Index( SSx )
Hurst Oscillator
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SelectSectors Index Ribbon
Chart.
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Select Sector High-Tech Index Chart, which is the
composite
of all High-Tech sectors on a daily basis.
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SelectSectors High-Tech Index
Hurst Oscillator Chart.
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The below chart is a comparison of the
S&P500 and the SelectSectors Index ( SSx
) which is the composite of all " 41
Sectors.
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The SSx has approximately the same
functional form as the S&P500, but has a
higher "Beta", so that it will
outperform on the Upside but crash
harder on the downside.
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Several articles pointed out
that major indexes have a lot of non-stocks in them and
questioned the usefulness of the NYSE composite, etc.
This motivated me to generate cleaner data. With the
Fidelity Sectors we have a set of 41 active funds. I
have used their daily closing NAVs to construct a new
Summation Index.
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