Relative-strength wednesday
Watch todays video to see how we use Chaikin Analytics to come up with our Relative-Strength Wednesday rankings.
Relative-strength wednesdayBefore the open this morning, our market call remained " Market Neutral- Negative Potential". Prior to the open, price was below a down trending ST Chaikin MA and below a LT Chaikin MA that was still heading higher. It seems the bond market is in control. Our Relative Strength Wednesday analysis confirms, a rotation into defensive- ( clap, clap) Defense! XLRE and XLU are tied for 1st,in what we can only imagine is a yield play against higher bonds followed by XLC, which contains a lot of the high yielding telecoms.
Watch todays video to see how we use Chaikin Analytics to come up with our Relative-Strength Wednesday rankings.
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