Macro-monday
Macro-Monday shows the breadth of the market continues to narrow and favor of D-Fence
( clap-clap). The bull : bear ratio of the SPY remains below 1.0, with both the ST and LT Chaiin moving averages once again heading lower with price below both. It's the Twitter whip-saw. The chart below shows the Chaikin Bull : Bear ratio of the SPY expressed visually over the past 5 years. ( Click to enlarge)
( clap-clap). The bull : bear ratio of the SPY remains below 1.0, with both the ST and LT Chaiin moving averages once again heading lower with price below both. It's the Twitter whip-saw. The chart below shows the Chaikin Bull : Bear ratio of the SPY expressed visually over the past 5 years. ( Click to enlarge)
More defining is the narrow nature of the sector fundamenta ratings, below, overwhelmingly defencive with Utilities and Healthcare in favor. All the cyclicals with a bull: bear ratio below 1.0. D-Fence! Watch our video to see how we use Chaikin Analytics to form our macro opinion.
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