macro-Monday
Our weekly look at the Macros behind the market revealed little new information. The breadth of the market remains fairly narrow, three S&P sectors are doing the work. XLK, XLV, XLF remain the strongest from a fundamental view. However, we are beginning to see signs of money rotating out of financials, perhaps setting up for a run in the bond market and utilities. We are also watching dollar strength and it's affect on commodities.
After our robust look at Marco forces, we turned to the Chaikin Screener to look for opportunities. Ultimately, earnings proximity keeps us out of most trades, but we did find a favorable entry in an IT services. Watch todays video for our complete Macro Monday review and screener results.
After our robust look at Marco forces, we turned to the Chaikin Screener to look for opportunities. Ultimately, earnings proximity keeps us out of most trades, but we did find a favorable entry in an IT services. Watch todays video for our complete Macro Monday review and screener results.
RSS Feed