S&P500 Index versus OIH - Educational - More examples
Here's another chart to show you how important it is to watch the OIH (Oil Services Holder) as compared to the S&P500 Cash Index.
When the price of oil service companies rise too far relative to the rise in the S&P500, it represents a time to shift funds out of the S&P500 and into cash. And when the price of OIH drops severely relative to the S&P500, then it becomes safer to buy into the S&P500.
It can take a month to six months for these setups to play out. No indicator is perfect, but this has stood the test of many market cycles.
Regards,
Tim 1:55AM EST, May 29, 2014
When the price of oil service companies rise too far relative to the rise in the S&P500, it represents a time to shift funds out of the S&P500 and into cash. And when the price of OIH drops severely relative to the S&P500, then it becomes safer to buy into the S&P500.
It can take a month to six months for these setups to play out. No indicator is perfect, but this has stood the test of many market cycles.
Regards,
Tim 1:55AM EST, May 29, 2014
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Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.