Macro-Monday
You can view our complete Macro-Monday video HERE.
You can find the sector bull bear , SPY bull / bear and macro relative strength charts in the Market Conditions Tab HERE
Macro-MondayOur Macro0-Monday analysis paints an increasing bearish picture. The bull / bear ratio on the SPY has once again dropped below .40, since we've been tracking the bull / bear ratio mid .20's has been the bottom, we'll see if we get back there and if it holds. (The above chart is the daily bull / bear ratio going back to 2014 expressed in a line chart. ) We, Like Marc, are looking for lower lows. If you subscribe to the app, make sure you read Marc's weekly note this week. However, if they rally, we would expect it to fail and we'd take that opportunity to establish a few small bearish positions. We make a watchlist for that event today.
You can view our complete Macro-Monday video HERE. You can find the sector bull bear , SPY bull / bear and macro relative strength charts in the Market Conditions Tab HERE
0 Comments
Leave a Reply. |
Archives
October 2021
|