This is a Ratio Chart between the Cement Sector Index (consist of SMGR and INTP) and Composite.
The Chart has been in Downtrend since 2013 so that means Cement Stocks are Underperforming Composite. But this trend might be over soon since the Chart (or Ratio Chart) is moving Sideways since 2017. The sideways move might end the Downtrend (that happened since 2013) so there is a possibility that Cement Stocks will Outperform Composite - if the Ratio Chart starts to move Upward.
I'm monitoring the Cement Sector because there is a possibility that the Housing Sector (and Infrastructure Sector) will increase in 2021. That will increase the demand for cement.
The Chart has been in Downtrend since 2013 so that means Cement Stocks are Underperforming Composite. But this trend might be over soon since the Chart (or Ratio Chart) is moving Sideways since 2017. The sideways move might end the Downtrend (that happened since 2013) so there is a possibility that Cement Stocks will Outperform Composite - if the Ratio Chart starts to move Upward.
I'm monitoring the Cement Sector because there is a possibility that the Housing Sector (and Infrastructure Sector) will increase in 2021. That will increase the demand for cement.
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