August 14, 2019

Relative-strength wednesday

Before 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.