Charts Updated: DIA SPY IYT

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

Courtesy of ChaikinAnalytics.com

These charts are made simple and easy to read:
Yellow circle - Overbought/Oversold is Oversold
White circle - Price is still above the Moving Average
Green circle - Relative strength is at zero and still positive
Red Line - Falling from Overbought to Oversold while Relative Strength was getting more positive
Green Line  - Rising Relative Strength while going from Overbought to Oversold

The DIA & SPY charts were standouts when reviewing the charts of DIA, SPY, IYT, QQQ, IWM, MDY, SLY.    DIA & SPY showed the strongest Relative Strength.  Currently, there maybe a flight to quality.  That is, the market maybe selling small and mid cap stocks and buying large cap stocks.  In addition, with interest rates spiking higher and bonds selling off, there maybe a shift from bonds to large cap stocks as well.

The charts mentioned above, with the exception of QQQ, were oversold by the ChaikinAnalytics.com method.  QQQ was neutral.

Keep following JustSignals using Twitter, @StockTwits or Follow By Email. Just submit your email address in the box on the Blog homepage. 
This has been posted for Educational Purposes Only.   
Do your own work and consult with Professionals before making any investment decisions.  
Past performance is not indicative of future results.