Relative Stregnth Wednesday
We have included the newly released Chaikin ETF PowerGauge Rating to our weekly Relative Strength Wednesday Analysis. While we haven't received any detailed information on the new ETF PG Rating, or it's proprietary formula, we do think it's a big deal for the platform and we are anxious to put it to work. Last weeks sell off has had an effect on most of the SPY sectors. Despite its pullback in price, XLV remains the only sector with positive powerbars, outperforming the SPY, although posting a negative return in the short-term, just less of one than the SPY and now with a Very Bullish Chaikin ETF PowerGauge Rating. Materials ( XLB) is the most bearish sector, a designation it has had for several weeks now. Join us for our complete Relative Strength Analysis and a look at the markets pre-market Wednesday, 10/17. Watch / Listen HERE
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