macro monday
Below is a relative strength rank trend vs. SPY. We use a relatively new indicator called RSMK, which measures relative strength vs. an underlying index over a specific lookback period. Below, we're trending multiple lookback periods up to 200 days. It's simply a rank of relative out or underperformance of each ETF vs. the benchmark SPY.
Below are long running macro indicators, including our daily look at the Chaikin SPY bull:bear ratio. Also displayed below our trending chart of SPY Sector bull:bear ratios. Looks as if the market may be tapping the brakes just a bit as discretionary continues to weaken and financials take a fundamental hit. Lastly, trending Chaikin RS scores, six month look back against the SPY. EM makes a move this week and gold hangs in.
Sector Bull : Bear ratios
Macros by trending Chaikin RS score
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