8 Comments
Jul 3, 2023Liked by FXMacroGuy

Thank you. Great as always. Question regarding the offensive/defensive stocks formula. Shouldnยดt it be (XLK*XLF*XLB*XLI)/(XLY*XLU*XLP*XLV). Because in this form you are constructing two indices in realtion to each other. But your formula is constructing one offensice index and then in relation to each single defensice sector ETF?

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Thanks ๐Ÿ™

The two are mathematically identical: (XLK*XLF*XLB*XLI)/(XLY*XLU*XLP*XLV) is the same as XLK*XLF*XLB*XLI * 1/XLY * 1/XLU * 1/XLP * 1/XLV. Remove the redundant *1โ€™s and you end up with my formula, same result. I just prefer to write it that way.

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Jul 3, 2023ยทedited Jul 3, 2023Liked by FXMacroGuy

You are right. I just did a mistake when comparing them in TV. Because of that I got two different results. My bad.

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No worries ๐Ÿ™‚

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May 17, 2023Liked by FXMacroGuy

Really nice work!!!

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Thanks! ๐Ÿ™

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Informative as always, great work!

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Thank you ๐Ÿ™

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