macro monday
We think it's make or break time for the market rally. Our Macro-Monday analysis reveals the underlying bull / bear ratio of the SPY turning more bearish after nearly touching .50, which isn't exactly stellar. Applying the same metric to the SPY sectors, healthcare continues to lead with cyclicals virtually DOA. From a relative strength standpoint vs the SPY, gold and treasuries perform best yet again, not painting a great forward looking picture for the market. We are cautious here as governments attempt to use the defibrillator paddles on their economies. How much juice will it take to for the flat-line to show a little life? I guess thats what the coming weeks will reveal. Watch todays video to see how we use the edge, we believe the Chaiin Platform gives us.
SPY Sector Trend
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