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Get current market conditions here  (we're neutral to bearish at the moment) and the trading system we use here.   We keep records of all our trades too, not just the winners. 

Despite last week's rotation into treasuries after the Fed announcement pushed down interest rates, the Financials Sector (which benefits from a rising interest rate environment) has inched its way to the top of the Chaikin Sector Power Bar rankings, putting an end to Healthcare's months long reign at the top.  When we take a deeper dive into the sub-sector ETF rankings (many more than we're showing below), we see 2 of the 3 top ranked sub-sectors are Insurance (KIE) and Major Banks (KBE), the underlying stocks of which make up a sizeable portion of the XLF.

When we drill down into Major Bank stocks, we find ranked near the top of the stack and giving an Money Flow Buy signal today is Northern Trust (NTRS)

When we take a closer look at the stock metrics,  we notice a personality change that took place about a month back, where, as the Power Gauge transitioned into the green, the market agreed with bullish trend and the stock's relative strength vs. the market increased steadily along with Money Flow. 

NTRS is already in our portfolio but is illustrative of both the top down analysis capability provided by Chaikin Analytics and our own decision-makign process when selecting a stock for investment.

The only green the market seems to care about is the "Green" back. There ought to be some movement in the dollar today, if nothing more than "sell the news"  into what has been a parabolic dollar move, whether or not "patience" comes out of the Fed statement. 

Meanwhile, we're searching for strong stocks in strong industry groups using Chaikin Analytics for iPad and Desktop.     Here's a tool we provide for Chaikin Power Users you won't find anywhere else.  It's our Sector Trend report.  It's a something my trading partner, AA, updates every Sunday. You'll find it in the Market Conditions section of our site.

What I like about this analysis is that it provides a snapshot over time measuring the strength of underlying stocks of various sector ETF's.  He uses the Bull:Bear ratio  to compare the Power Gauge rating of each stock in the ETF. This can be a very powerful predictor of future relative strength and of stock price movement relative to the S&P over the coming 3 - 6 months. Now you can measure which Sectors are gaining strength and find the best stocks in the best industry groups from those sectors. 

For example, look at XLY.  It's been gaining strength since January, reaching it's strongest point last week.  If you have been bullish on Consumer Discretionary because you felt the decline in OIL would benefit these types of stocks, now you have a quantifiable metric to confirm what's in your gut. 

We took a position in Citigroup this morning on a Relative Strenght Buy signals. 

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.