SPY/USO/VXX/GLD/SLV Ratio 4/18/2016 (Short-Term View)

There is giant rising wedge forming. This ratio seems to indicate the aggregate perception of the US economy - the higher the better. As you can see in August 2015, there was a huge leg down which was unprecedented in this chart.
brentcrudeCrude OilEquityGASGLDGoldOilpreciousmetalsSilverSLVSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) StocksTVIXusequitiesUSOusstocksUVXYVIX CBOE Volatility IndexVIXY_volitilityvolitilityindexVXXWTIXAG USD ( Silver / US Dollar)XAUUSD

Related publications

Disclaimer