Thank you. Great as always. Question regarding the offensive/defensive stocks formula. Shouldn´t 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?

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 *1’s and you end up with my formula, same result. I just prefer to write it that way.

Thank you. Great as always. Question regarding the offensive/defensive stocks formula. Shouldn´t 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?

Thanks 🙏

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 *1’s and you end up with my formula, same result. I just prefer to write it that way.

edited Jul 3, 2023You are right. I just did a mistake when comparing them in TV. Because of that I got two different results. My bad.

No worries 🙂

Really nice work!!!

Thanks! 🙏

Informative as always, great work!

Thank you 🙏