Relative Strength Wednesday
Despite the strong rally off recent lows, the market is still flashing signs of defensiveness. Staples and Utilities remain the only sectors "Over +" in all three timeframes and maintaining Bullish or Very Bullish PG ratings. However, the rally has shown up in the shortest timeframes we monitor. They say bear market rallies are fast and merciless, is that what we are seeing? Or, has Santa Claus shown up for his annual market visit post mid-term elections? Join us today as we look at the major indices and try to determine what we expect moving forward. We also set continue to set up our forward test of the new Chaikin Analytics ETF Power gauge feature, which we plan to begin trading tomorrow. Join us HERE
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