June 26th, 2019

A few things from our Relative Strength Wednesday analysis powered by Chaikin Analytics

• Markets are up against resistance
• Money Flow, especially in cyclical stocks, not as strong lately. Institutions may be starting to sell into strength. 
• Defensive sectors Healthcare and Utilities occupy the stop spots on our sector ranking/trend chart.  Doesn't bode well for a huge breakout rally. 

With earnings, China trade and Fed all in play in July and implied volatility holding above 15, the data suggests bullish trading but with some hedges in place.