Trading meeting video for today should be rendered shortly. Link Here.
Relative Strength Wednesday
Healthcare remains the leader of our weekly Relative Strength Wednesday analysis, outperforming the market in every timeframe. XLU and XLRE continue to show strength as Interest rates have retreated. Although tech is under on the 3 month, it is still showing strong fundamentals and only slightly below market returns on the 3 month look back. Join us for our complete, weekly Relative Strength Wednesday analysis HERE
Macro Monday trading video here. Market conditions continue to be very favorable to bullish traders. We put on this bullish trade this morning.
As we flirt with all time highs on the $SPY, we don't expect an explosive move higher as the market hasn't exhaled enough to reach oversold since early August. The bull / bear ratio remains above one, with price above rising short and long term moving averages. We remain bullish, with muted near-term expectations. Join us today as we add to our bullish trend trade forward test and manage our existing swing trades using the Chaikin Analytics platform. Join HERE
It's Relative Strength Wednesday. Trading Video Here. Financials have a positive Powerbar differential and are beginning to outperform. The Insurance sub-industry is showing even more relative strength and better Power bar differentials. We found a bullish swing trade there.
It's Macro-Monday. While we are in the midst of a multi day rally and the S&P is a stones throw from new highs, we continue to see signs of defensiveness in the market. Join us for our weekly 30,000 ft view of the macros. We also add to our swing trade forward test. Listen in HERE
During Friday's trading meeting, we managed trades. Looks like one of the first trades we put on in 2018 will stop out this week for very nice profit. This is a perfect example of a Classic Chaikin Bull stock trade. We entered Very Bullish rated $ADBE on January 6th on an Oversold Buy signal. Since then and after a nice long run, the Power Gauge has turned neutral, price has dipped below the long term Chaikin 200 Day DEMA trendline and is close to falling below our stop (set to trail 5% below the long term Chaikin trend). Video Here.
We're all feeling a bit whip-sawed this week. What is Chaikin Analytics telling to expect moving forward? The bull / bear ratio is off it's recent highs and we did notice a divergence in the oscillator, however money flow remains strong and price remains above an up-trending long term average. join us HERE for our complete daily analysis and follow along as we close a few trades in our bearish swing trade forward test.
In today's Relative Strength Wednesday trading meeting (video here), we cover a divergence in the SPY price peaks and Chaikin OB/OS oscillator highs, which can be a precursor to a market down-move. We perform our usual top-down index-sector-industry-stock analysis and put on a bearish swing trade for demonstration purposes.
Join us for our Macro-Monday analysis. Utilities(XLU) continue to suggest the markets lack of confidence in rising interest rates, while XLY ( consumer discretionary) continues to show fundamental weakness, based on the Chaikin Bull / Bear ratio. The bigger story is the continued strength of the US Dollar. Join us for our weekly 30,000 ft view we call macro-Monday. Join us HERE