Indicator signals you were probably not aware of (and how to use them)
Key points:
- Not every indicator signal is useful as - nor intended to be used as - a standalone trading signal
- Many indicator signals are extremely useful as "weight of the evidence" tools
- Several recent examples of this involve the Copper/Gold Ratio, the percentage of S&P 500 sectors in an uptrend, and a decline in selling among S&P 500 corporate insiders
- Individually, the signals detailed below should likely not be viewed as standalone "Buy" signals, but they do lend significant weight to the outlook for stocks over the next year
The Copper/Gold Ratio versus SPX
As the name implies, the Copper/Gold Ratio tracks the relationship between the key industrial metal and the key precious metal. The chart below highlights dates when the Copper/Gold Ratio was below 0.17, with the stipulation that signals must be 12 months apart.

