relative strength wednesday
Our weekly Relative Strength analysis once again helped convince us in our mild-bearish posture. We see no relative strength in cyclicals, defensives are leading the way. As expected, virtually sector is overbought. Very overbought.
In addition to our RS work, we spent a few minutes with the Chaikin Analytics screener looking for possible bearish entry opportunities in ETFs.
Watch todays video to see how we use Chaikin ANalytics to hunt for Relative strength and how we utilize the screener based on our market posture.
In addition to our RS work, we spent a few minutes with the Chaikin Analytics screener looking for possible bearish entry opportunities in ETFs.
Watch todays video to see how we use Chaikin ANalytics to hunt for Relative strength and how we utilize the screener based on our market posture.
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