It's Relative Strength Wednesday (the Thursday edition)! Video Here. With the market pulling back to its accelerated upper trend line but still overbought under Very Bullish Conditions, we expect the possibility of a bounce, followed by a lower high, followed by a pullback to an intermediate term trend line but a continuation of the multi-month market rally. That said, if market behavior is anything like it's been over the past several months, we may not get that intermediate term pullback. So we're prepared to follow the strength of the market and trade sectors, industry groups and stocks that are strongest using unique Chaikin methodology.
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