Macro-monday
Last week we noted a divergence in the Chaikin OB/OS oscillator. We've learned that these divergences are something that deserve attention. That divergence may now be playing out as a result of political jibber-jabber.
The Bull v Bear ratio remains above two, although off the highs. One of the pieces of data we track is the trend of the SPY Bull v Bear ratio. As you see in the image below, history shows that we have struggled to get a ratio much higher than three. Last week we touched the ratio highs once again before retreating.
The Bull v Bear ratio remains above two, although off the highs. One of the pieces of data we track is the trend of the SPY Bull v Bear ratio. As you see in the image below, history shows that we have struggled to get a ratio much higher than three. Last week we touched the ratio highs once again before retreating.
Chaikin Bull v Bear Ratio Chart
We also noted the current positive correlation of Utilities and Financials, one will eventually be the loser. Watch our video for our complete Macro-Monday analysis. You can view all the data we track on the MARKET CONDITIONS page.
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