Relative Strength Wednesday
After closing below the 200 day Chaikin MA, the price of the SPY rose back above to end the day yesterday. Money Flow remains strong and the OB/OS oscillator is fairly deep into oversold.
Our Relative Strength Wednesday analysis shows a rotation to the defensive.
Reminder, our RSW analysis is scoring system that accounts for a combination of Chaikin fundamentals and technicals to determine rank.
Our Relative Strength Wednesday analysis shows a rotation to the defensive.
Reminder, our RSW analysis is scoring system that accounts for a combination of Chaikin fundamentals and technicals to determine rank.
XLRE has jumped to the top sector according to our analysis, while XLY has quickly retreated from the top three. The move this week in XLU also helps paint the defensive story as it moves from the bottom 1/3rd to the top 1/3rd.
Watch our video for the complete Relative Strength Wednesday analysis.
Watch our video for the complete Relative Strength Wednesday analysis.
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