Another macro monday that left us feeling very bullish. Despite the feeling that the rally may be a bit long in the toth, the data suggests continued upside to come. One data point that we noticed this morning, has proven to be fairly reliable in predicting pull backs or sideways consolidation. That data point? The 3.0 bull / bear ratio. As noted below in chert 2. When we see the ratio touch 3.0, we typically see a retreat from that point. Aside from that point of caution, we see a broad bullish market. Watch todays video to see how we use Chaikin Analytics to access the market from 30,000 ft.
ETF Thursday part 2
Our simulated ETF portfolio continues to to gain value as the bull market rages on. We are fully allocated, we now forced to find liquidation candidates and decide if a better opportunity exists. That is exactly what we were forced to do this week. Luckily, our rules helped us unload partial positions in XHE & XBI based on 3 month RS breakdowns. We also decided to swap our position in EWG in favor of an additional tranche of SLV. We are now maxed in SLV.
relative strength wednesday
Relative STrength Wednesday this week continues to waive the bull flag. Nearly all of the SPY sectors remain above both short and long term moving averages, accompanied by consistently strong money flow. There are a few exceptions, namely XLRE and XLE. Watch todays video to see how we use Chaikin Analytics to gain a 30,000 ft perspective of the market.
Once again, Macro-Monday has all the bullish feels. But we do manage to find a few chink's in the armor.
ETF Management Thursday
After evaluating our COuntry level 1 &2 holdings as well as our macro holdings, we ultimately decided to do nothing this week. We are fully invested in our simulated ETF portfolio, adding new trounches would have required liquidating existing holdings. Our position in Germany would have been first to be liquidated, we decided we liked the diversification Germany provided our portfolio and decided to stand pat on the week. However, we did layer in another SPY strangle in our delta neutral portfolio. Watch todays video to see how we manage a simulated ETF portfolio using Chaikin Analytics alongside our own rules.
relative strength WEDNESDAY
Relative Strength WEdnesday! Little movement week over week, as Tech, Healthcare and Materials continue to lead. We do point out a few minor data points to keep an eye on. We also note utilities and financials once again at odds. We have seen many times over the years that this relationship between utilities and financials, which is basically a side conversation the bond market is having in class, generally resolves one way or another in short order. .
Our Macro-Monday analysis once again points to a very bullish market. While we are seeing strong sector breadth, we are also cautious of a market that has had quite a run. As we noted in today's video the bull bear ratio of the SPY near 3.0 is typically where we some sort of retracement or consolidation. WE are also approaching a confluence of potential technical hurdles, including all time highs that happen to coincide with the underside of a long-term diagonal uptrend. WE are cautiously bullish, and would be looking for opportunities to acquire oversold names and sectors that have been outperforming.
relative strength wednesday
Our Relative Strength WEdnesday analysis is shining light on the makings of a cyclical bull market. With Industrials, materials, the consumer all showing strength. Watch today's short Relative Strength analysis to learn how we use Chaikin Analytics to assess our 30,000 ft. opinion.