Relative Strength Wednesday
We continue trending our Relative Strength Wednesday scores an analysis in today's video. We both agree that the market looks very bullish going into the open today. Tech continues to lead the market and today that is reflected in our relative strength analysis. Based on our points and ranking system XLK now leads the SPY secors. As a reminder our system accounts for fundamentals via the Chaikin power bars, trend via the long and short term Chaikin trend lines, performance against the SPY on multiple timeframes and a few technicals including moneyflow. Watch our video to discover how we are using the data that Chaikin Analytics provides to go one step further.
Unitillites give up the top spot in our analysis to tech, which continues to soar. Overall a very bullish picture for the market this week based on our work today.
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