Macro-Monday
We woke up to a big move down in the market. If you have been following along, this wasn't really a surprise to us. We have noted the bond market telegraphing a potential move like this for a few weeks now. We also noted when the Chaikin Bull : Bear atio hits the 2.5 - 3 range, which it did last week, it has been a signal of a short-term top. ( our Bull V Bear chart s slide 1 of the images below.) The market was extremely overbought and ripe for a decent pullback. We have yet to see any major damage being done to the market, however there rotations in play. The bond market is attracting some money flow along with Utilities. Of course there will be a counter move, we are anxiously waiting to see what that looks like. Watch today's video for a timely and complete macro analysis.
RSS Feed