FEBRUARY 18, 2019

Macro-Monday

SPY Bull / Bear Ratio - Click To Enlarge

The Bull Bear ratio starts an abbreviated trading week at a bullish level last seen late September 2018.  Now greater than 2.5 bullish : Bearish stocks in the SPY.  Curious to see if the ratio forms a lower low once again.  Curiosity aside, this six week move has been incredible.  

Click to see all "Market Conditions"

Along with the most bullish ratio since the Q4 pullback, we also see  " The Bugle" as we call it, at it's widest and most bullish point.  As industrials has beat out utilities as the holding the highest bull / bear ratio this week.  With 69 names in the XLI, 15 are bullish, 54 Neutral and 0 bearish. With XLI & XLK returning to a bullish ratio, we may be seeing the beginning of another rotation, one that may be less defensive.  One week does not a trend make.  You can follow all our market conditions weekly on the MARKET CONDITIONS page. 

Wednesday we will post a short video for Relative Strength Wednesday.