Saturday, May 14, 2011
Sector Rank Spread Shrank Last Week
The Sector Rank Spread shrank last week, indicating less tendency for sector rotation and less fuel to the rally. Admittedly this conflicts with BMI's positive divergence. Because BMI has longer track record, I am still bullish right now. Nonetheless, a shrinking spread is a warning sign and suggests caution down the road.
Subscribe to:
Post Comments (Atom)
thx,
ReplyDelete