SPDR S&P 500 ETF TRUST
Updated

S&P 500 compared to the Commodity Index RS

142
Here is an interesting chart... Take a look at the RS Index of the S&P500 index and the Commoditie index.


snapshot
snapshot
Note
Divergence has been building up and triggerd a sell in stocks and long commodities in January this year.
In April 2012 the indicator triggered a sell in commodities and long stocks.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.