The ratio of the DJIA and 30-year bond price. Falling ratio indicates stock nonperformance, rising ratio indicates stock outperformance.
The horizontal is a smidge over the 130 level. The 126 level is the most conservative line in the sand, below that I think we have a clear breakdown underway.
A decline of less than 4 percent in the Dow or a less than 4 percent rise in the 30-year bond price, or some combination, would take this chart below 126.
Aristocrat Leisure Completes Acquisition of Neo Group Ltd. (f/k/a NeoGames)
for $29.50 per Share
-
LUXEMBOURG, April 25, 2024 (GLOBE NEWSWIRE) -- Neo Group Ltd. (formerly
known as NeoGames S.A.) (Nasdaq: NGMS) (“Neo” or the “Company”), a
technology-dri...
No comments:
Post a Comment