Relative Strength Wednesday
Bull / Bear ratio expressed in a line chart form. Click To Expand After a the tremendous selling pressure we have witnessed over the last several trading sessions, the bearishness expressed in our Relative Strength Wednesday is probably less surprising than the extreme
low of the SPY Bull / Bear ratio. Healthcare is the stand- alone sector maintaining at least a neutral plus rating and green in all time frames. Meanwhile, the Bull /Bear ratio on the SPY reached not only the lowest ratio we have seen since we started tracking these metrics back in 2014, but also barley above zero, with a ratio of .01 Watch our Wednesday trading meeting HERE
low of the SPY Bull / Bear ratio. Healthcare is the stand- alone sector maintaining at least a neutral plus rating and green in all time frames. Meanwhile, the Bull /Bear ratio on the SPY reached not only the lowest ratio we have seen since we started tracking these metrics back in 2014, but also barley above zero, with a ratio of .01 Watch our Wednesday trading meeting HERE
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