Join us for our Macro-Monday analysis. We also run our bullish and bearish screeners looking for opportunity as we begin a new week. Join us HERE
The SPY is beginning to roll down from over bought. Before the market open we managed our forward tests and despite the recent bearishness, found a bullish trade to enter. View on demand HERE
Relative Strength Wednesday video is here. They're selling tech, bonds and real estate and buying financials and energy. A complete top down analysis in today's video. As of the time of this posting, mid way through the trading day, my prediction of a significant VIX spike and and a multi-hundred point sell-off hasn't come true. More proof that it's better to trade what you see, and not what you think.
Join us for macro Monday. Bonds sell-off, energy remains strong. We also look for bullish and bearish swing trades that fit the rules of our forward test. join us HERE
Trading meeting video here. Market overbought with negative money flow. Possible rally failure or simple retest of the 50-day moving average. The breakout earlier this week was with unconvincingly low volume.
Join us for another Addition of Relative Strength Wednesday. Energy continues to look strong. We also close several of our simulated trades in our new swing trading forward test. Join us HERE
Our Macro-Monday analysis shows energy and commodities outperforming. Typically late bull market indicators. You can always review our tracked Bull / Bear ratio, our Macro-Monday analysis and our Relative Strength Wednesday analysis under the market conditions tab, HERE
While today's positive open didn't hold, we finally got a glimmer of preliminary bullish technical evidence this week. Assuming today's military strike of Syria doesn't turn into a major worldwide conflagration, we could see an earnings-driven rally to the upside next week. But, the market is overbought with a very low powerbar ratio and weakening money flow, so we're staying nimble and put on some bearish swing trades today while patiently awaiting bullish opportunities next week. Friday's Chaikin Power User trading meeting here
World investing rotation
As of this past weekend, here's what the Chaikin Relative Strength trend vs. the SPY looked like. Ex-US investing has come into favor, with $EFA and $EEM taking the top two spot. US small caps, the euro, gold and commodities also show improving relative strength trends compared to the SPY.