Todays Macro-Monday shows continued bullishness. Not only are large caps showing the strength, small caps are showing strong signs. The current Bull : Bear ratio on the IWM is an impressive 2.78. 

We also looked at Mikes Relative STrength Review of the sub-sectors. Healthcare and Healthcare related sub-sectors lead the way.  Starting to see a little life in sub-sectors related to energy.  We also took a few minutes to consider a long-term play on staples. ( XLP) 

​Watch Todays video for our complete Macro-Monday analysis and see which Electronic Equipment name we added to our forward test of the Chaikin Checklist. 

After a 2 day pull-back, do we expect a further correction or are our expectations to sail into the end of the year?  Maybe, both?  After a quick look at the pre-market, we jump to our most valuable weekly analysis, Relative Strength Wednesday.   Watch today's video to see how we use Chaikin Analytics along with our own formula to track Relative Strength in the market.  

 A little jockeying but not a significant change in the make-up of the top half of the sector trend. 

Maco-Monday again reveals a mostly healthy market.  We are nearing 2 months of "Market Up" conditions, meaning price up and above both Chaikin MAs, with a positive Bull v Bear ratio within the SPY.  

We have now reached similar highs on our Bull V Bear ratio chart. 

We also see a healthy number of SPY sectors outperforming the benchmark.  The defensives that were flying high a few months back have been tossed aside in favor of the cyclicals. 

Watch todays video to see how we use Chaikin Analytics to form our Macro opinions.  Near the end of today's video we demonstrate how to use the Chaikin Screenr in tandem with the Chaikin Checklist to search for Bullish and Bearish trades. 

A bonus Tuesday Chaikin Power User meeting.  A quick look at the pre-market action, then we turn to our CHaikin Checklist portfolio.  A lot of entry signals today, mostly banks and semi conductor names.  We skipped most, only because we have plenty of each.  However, we did find a few new trades to add to our forward test of the Chaikin Checklist. 

If you missed Macro- Monday, you can always view our weekly Macro charts on thour Market Conditions page HERE

Heading into Monday under mostly bullish market conditions--with price grinding higher over the past several weeks -- the SPY is flashing an interesting contrarian indicator.  While price on the US large cap index has marched to successive higher highs and higher lows the OB/OS oscillator is diverging from price, with a lower recent high and now low.  The lower volatility band has crossed above the long term Chaikin trend too.  These patterns have preceded pullbacks of a few percentage points to multi-month corrections in the past. The market may be vulnerable to disappointing rumors and headlines about trade, as the Chaikin OB/OS oscillator on TLT has likewise diverged from lower bond prices setting up a possible flight to safety rally in the face of a risk off stock move. The magnitude of money flow into stocks relegates the likelihood of a repeat of last year's Christmas crash to small odds as evidenced by the market's bookie VIX index.  

Our Relative Strength Wednesday analysis showed some moves in the bottom fourth of SPY sectors and continued strength in the top half.  We also added to our ongoing forward test of the Chaikin Checklist. 

The market remains bullish.  However, we are watching the small caps, as they remain weaker than the other indices. Will small caps simply lag, or will they lead the way lower?  It seems Santa Claus has come to town, but will new tariffs, set to take affect December 15th cut his visit short?   Watch today's video to watch our complete Macro-Monday analysis, including Mike's in depth look at sectors and sub-sectors. 

See all of our Macro-Monday charts HERE