Some of the Ratio/Indicator charts NFTRH uses, reflecting market indications & internals (more to be added over time)

Candlestick chart displaying market trends with green and orange bars, representing price movements and trading volume.

Live ratio charts using various ETFs to gauge internal market indications

Gold/Silver Ratio (GLD/SLV): A “metallic credit spread” within the precious metals (theory: liquidity stress when rising, ample liquidity when declining.

Gold/SPX Ratio (GLD/SPY): A counter-cyclical metal vs. a cyclical market (theory: Macro liquidity and risk when rising, long-term (expand chart’s time duration for a big picture view).

Silver/SPX Ratio (SLV/SPY): More volatile, inflation-sensitive PM vs. the stock market (theory: I don’t really have one ;-))

Gold/Copper Ratio (GLD/CPER): A counter-cyclical metals vs. a very cyclical one (theory: monetary vs. industrial metal)

Gold/WTI Oil Ratio (GLD/USO): Gold miner product vs. mining cost input (theory: positive fundamental for gold mining operations’ bottom lines/counter-cyclical indication when rising)

Gold/RINF Ratio (GLD/RINF): Gold vs. “inflation expectations” (theory: disinflationary macro when rising, positive for gold mining fundamentals)

IWF/IWD Ratio: Growth vs. Value stocks (theory: risk-on when rising, risk-off when declining)

XLV/SPY Ratio: Healthcare vs. broad market (theory: risk-on when declining, risk-off when rising)

NDX/SPX Ratio (QQQ/SPY): Big Tech vs. Broad US Market (theory: Tech leadership usually bullish)

GDX/Gold Ratio (GDX/GLD): Gold miners vs. their product (theory: positive market internal when rising)