Macro-Monday
Watch our Monday video HERE
Macro-MondayThe SPY Bull / Bear ratio continues to improve, heading back towards the 1.50 area. However, the SPY does have the 200 day SMA to break, while at the same time the OB/OS oscillator is retreating. It seems a pull back is in order before another possible run at the 200 day. Such a pull back may be just shallow enough for the OB / OS oscillator to fall to, or below, the 30 line. We'll have to wait and see. Sector rotation and our sector Bull / Bear ratio chart continues to favor defensives, however, a deeper dive reviled some less defensive leading sub-sectors. Lets not forget about bonds. Bonds continue to show strength, in today's video Mike points out a bullish chart pattern on the /ZN futures that could be pointing to high bonds prices and lower interest rates. LAstly, in today's video we manage our various option positions and go over a new option strategy we are going to test using the Chaikin platform alongside our own set of rules.
Watch our Monday video HERE
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