Chaikin Analytics Power Users
  • About Chaikin Analytics
  • Trading Meeting Videos
  • Subscribe to Chaikin
  • Market Conditions

FEBRUARY 10, 2020

2/10/2020

0 Comments

 

Macro Monday

Macor-Monday shows us more of the same.  Tech IS the market. However, some defensive sectors like Bonds, Utilities, XLV are gaining or remaining strong in the background. 

We noticed once again that the SPY Bull V Bear ratio near or at 3.0 tends to be a place of resistance.  We have been tracking the Bull: Bear for four years now, 2.5 - 3.0 is the spot where the ratio peaks before retreating, conversely .5 seems to be the downside  support. 
Picture
As far as the fundamental of the SPY Sectors, XLF  showed strong growth, despite the strength in bonds.  Energy remains simply ugly. 

Picture

 Mike's Macro-Monday Relative Strength comparison Reinforces our Macro-Monday takeaway.  Bonds, Gold and Currencies show a positive trend. 
Picture
Picture
Click to enlarge. 
0 Comments



Leave a Reply.

    14 Day Free Trial
    Learn to Trade With Market Scholars
    Oversold Buy Test Results
    Options Trading Results

    Archives

    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016

    RSS Feed

Proudly powered by Weebly