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.