I present below the "EconomPic Data Relative Strength Index".
What it shows is the percent that a variety of ETFs are above and below their 52 week lows and highs, as well as the relative strength (i.e. combination of the two - i.e. if an ETF is currently 20% below its high, but 30% above its low, then the relative strength is 10).
Puts the dollar sell-off (commodities and gold are ripping) and risk-off (financials are sliding, Treasuries are rocking) in perspective.
Source: Yahoo Finance
Shocking that gold is up so much, I am shocked!!!!
ReplyDeleteGYSC, all that QE money had to go somewhere.
ReplyDeleteLeft silver out, but at a relative strength of 91!
ReplyDeleteGuess QE 3 is on the way but gas is still way high. What a mess.
ReplyDelete