Macro monday
Our Macro-Monday analysis is our weekly look at the world-wide economy from a 30,000 ft view. Once again this week we see the trend in international is to the downside, however within the context of an uptrend. Daily moving averages are being breached, but weekly moving averages are far from threatened at this point. We noted in the past few weeks that the Chaikin Analytics SPY bull/bear ratio tends to pull-back once 2.5 + ratio is achieved, which is exactly what we saw happen. ( chart below) From a sector standpoint, Utilities and Bonds continue to lead on a RS basis. Watch todays video for our complete Macro-Monday analysis.
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