Following our relative strength analysis of the sectors and sub-sectors we dive into the Chaikin Analytics screener. While we didn't find a trade today, we are getting ready if opportunity presents itself. Watch todays video to see how we use the Chaikin dashboard to asses relative strength in the market.
relative srength wednesday
Our relative strength wednesday analysis continues to show XLI's strength over multiple time-frame. Meanwhile, financial are starting to show strength but it's early and may come off the rails. Following our relative strength analysis, we put what we've learned to work in the Chaikin Screener.
Join us for another Macro-Monday, followed by am example of how we put what we learn to use with the Chaikin Analytics screener.
Below are the relative strength ranks of various macro-economic themed ETFs. Notice persistence strength in US small caps, relative weakness in most bond types (TLT not even in the top 20) and more recent relative strength of emerging markets. Oil, gas and commodities showing a bounce-up for the past five days. Might be the weak dollar theme at work. More in our video now posted above.
As we head into tomorrow's trading meeting, here's a quick look at the macro and sector ETF's that are outperforming SPY. We're looking for transitions from red to green in the lookback period between 90 and 30 trading agp. We use the RSMK indicator relative to the US large cap market. IWM has maintained solid out-performance, with other commodity ETF's such as nat gas and oil showing the earliest signs of out-performance. Falling out of favor are agricultural commodities and copper in recent weeks. More tomorrow's trading meeting.