Macro-Monday
Wednesday we will post a short video for Relative Strength Wednesday.
Macro-MondayThe 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. 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.
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