Market Pulling Down, But Money Flow Is Positive.

Several Chaikin Analytics indicators have turned bearish, and market conditions have turned from positive to neutral.

• Price (SPY) has fallen below the short and long term Chaikin trend lines
  
• The direction of the short term trend-line is down
• The Bull : Bear (SPY) ratio has fallen below 1
  

However

• The market is pulling down in the face of positive money flow
  
• The oscillator is now in oversold territory
  

We view this intermediate term pullback is an opportunity to buy Very Bullish stocks in strong Industry Groups on weakness. We'll look for Oversold Buy and Money Flow Buy signals on strong stocks and the chance to sell call spreads above bearish stocks in weak industry groups to offset some of our directional risk.