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Visualizing sector performance

As I continue to share some of the tools I use, I want to look at sectors and sector performance today. I don’t think there’s much value in looking at a price chart of say, XLE or XLF. The reality is all indexes are pretty strongly correlated and...

Using spread charts

This is another post in the small series on tracking, understanding, and trading relative performance. In previous posts, we looked at two ways to track relative performance as a percent change from some previous point in time, considering that previous point either...

Showing relative performance: simple charts

Yesterday, I discussed some reasons why traders might want to consider looking at, or trading, the relative performance between markets. Today, let’s look at a simple way to display that relative performance, and consider some things that can go wrong. Tracking...