Traders were welcomed back from the long weekend with a pull back in equities, strength in bonds and continued weakness in oil. Today we perform our weekly Relative Strength Wednesday analysis. Tech is now the only sector outperforming the market according to the Chaikin Relative Strength comparison, and while it is out performing the power-bar ratio in tech is showing some fundamental weakness. On the chart above, "Over -" indicates a b power-bar ratio above that of the SPY, but below 1.0. Join us for our full analysis HERE
RSS Feed