January 6, 2020

macro-monday

As we kick off the first real week of 2020, our Macro Monday analysis has yet to show any substantial changes.  Our Sector Trend continues to so strength in healthcare, financials and tech, although slowing just a tad from a powerbar ratio standpoint.  Our Macro-Relative Strength chart is providing a little more insight on recent market events, as oil and emerging markets show the strongest relative strength vs the SPY. While Large and small caps show weakness and commodities hang in the top half. 

Powerbar Sector Trend

Macro Relative Strength

Mike debuted a new Relative Strength trend tracker.  Much more robust than what we have been doing.  This new tool not only trends RS rank over multiple time-frames it also shows us money flow on multiple time-frames along the direction of multiple trend time-frames and associated IV rank.  This could prove to be quite a handy tool.  Here's a look at the top 10 this week.   Watch todays video for our complete Macro-Monday analysis and to see how we use Chaikin Analytics to assist in forming our macro opinion. 

Ranked Relative Strength Trend, w/ multiple time -frames.