Relative Strength Wednesday
D-Fence! Our Relative Strength Wednesday analysis shows more cracks. The 3 and 6 month timeframes are catching up with the short-term, as only 3 sectors now have gains greater than the market in the longest timeframe we monitor. And they are mostly defensive. Basic Materials remains the most bearish sector, however Energy and Industrials are not far behind. For the second week we have incorporated the new Chaikin ETF Power gauge into our weekly Relative Strength analysis. Join our Wednesday meeting here and watch as we look at the markets before the open and observe several technical signs of a bearish market, then go through our weekly Relative Strength Wednesday analysis to help us determine our market posture! Click HERE to watch our process.
To learn more about this new feature on the Chaikin Analytics platform check out the release notes from the folks at Chaikin HERE
To learn more about this new feature on the Chaikin Analytics platform check out the release notes from the folks at Chaikin HERE
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