With a reversal day Wednesday and follow through in early trading today (Friday), has the "All Clear" been sounded? Chaikin Analytics is our divining rod.
We use Chaikin Analytics to help select and time Bullish and Bearish trades for our portfolios. But one of the ways to get more than trade ideas out of the platform is to track the composite Power Gauge and technical readings of key equity, bond and currency ETF's. We've done all the work for you. Chaikin Analytics really helps us avoid catching a falling knife. It's a divining rod for market action over the next 3 - 6 months. Since it relies heavily on fundamental data, the astute user avoids technical whipsaws. Here's our complete weekly review.
Our lowest power bar ratio on the S&P in the 3 years we've been tracking this mostly fundamental measure of the market. AA and I use Chaikin Analytics to do a thorough market forecast in this week's video. -- Mike
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Lack of breadth in the Chaikin Power Bears has been prortending this for weeks. AA and I are in the "sell the rips" camp, not the "buy the dips" camp. I'm trying to get filled on one bearish option trade this morning.