Interest rate sensitive stocks reacted intensely to this week's Fed announcement, which departed from using the word "accommodative" for the first time in a decade. Interest rates are going higher on the short end of the yield curve, so investors sold real estate, financials and utilities, which tend to act like bonds and are held for yield during bull market advances. We thought it important to revisit briefly market and sector relative strength and update RS Wednesday's look. Friday Trading Meeting Video - Here
Healthcare sector XLV suddenly the only Chaikin Classic Bull, sporting steroidal Powerbar differentials and positive returns in all three key time frames for directional bullish trading.
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