The Weekly Relative Strength Chart's you have gotten to know are updated for the week below. Once again to start the week, we didn't see any significant change in most of the metrics we track. However, we were starting to see technical evidence that led us to be a bit cautious. Technical evidence, including what we have found to be a fairly reliable indicator, divergence in the Chaikin Oscillator. We also noticed most of the SPY sectors with money flow in the negative. The last chart below is Mike's RSMK chart of the week. This week we highlight the commodity chart. Several of the previously high flying commodities had a rough week, last week. Of course, one week a trend does not make! However, we feel the move in commodities has been an important part of the market as of late, and should be watched closely.
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