macro-monday
ollowing a short & strong week for the market, we kick-off a new week with our macro-monday analysis. While the bull v bear ratio has improved slightly, we are very cautious and believe a move back lower is probable. Defensives including utilities and Health Care continue to show strength, as noted in our sector bull v bear chart below.
Also below, our relative strength charts show strong relative strength in bond and gold. Gold looks to have broke out late last week and continues that move into this week. We can only assume the strength in XLB is related to the move in precious metals. Financials are also seeing some strength in terms of performance and money flow. Commodities lead in sub sectors along with telcom, which of course is a play on yield.
Watch todays short video for our compolete macro-monday analysis.
Also below, our relative strength charts show strong relative strength in bond and gold. Gold looks to have broke out late last week and continues that move into this week. We can only assume the strength in XLB is related to the move in precious metals. Financials are also seeing some strength in terms of performance and money flow. Commodities lead in sub sectors along with telcom, which of course is a play on yield.
Watch todays short video for our compolete macro-monday analysis.
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