
Jetsons
376 posts





BREAKING: Iran rejects all U.S. demands, and refuses to meet with American officials in Islamabad, per WSJ




Energy is the leader. In short order, it has gone from merely improving to leading. And true to nature, it's giving latecomers very little opportunity to get involved. The last time Energy outperformed the benchmark for an extended period, strength first showed up in the equal-weight, well ahead of the cap-weighted ratios. This cycle is no different. Today, both the equal-weight ( $RSPG / $RSP) and cap-weight ( $XLE / $SPY) ratios triggered monthly PPO reversal signals. On an absolute basis, both $XLE and $RSPG closed at their highest daily, weekly, and monthly levels in history. If you are betting the Energy run is already over, it would have to be the shortest one on record. More likely, we are still in the early innings.














