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The Trade Index

What Are The Market Trade Winds Telling Us? 

INDEX STRENGTH: -4

Another choppy day that ended with the Nasdaq and S&P 500 closing at their lows.  Crosswinds are back!  We are once again close to oversold levels in the Tech sector; but strength in Financials and Energy are keeping the overall markets resilient.  The short-term tactical index weakened and sits at -5.  The long-term strategic index sits “firmly” at +1.  Investor sentiment remains optimistic (a bearish contrarian indicator) and we’re in the heart of the early March seasonally weak period. 

      March 3, 2021.  8 pm ET

Previous Close:

-2

One Week Ago:

+4

Maximum Tailwinds = +10 (Bullish)

Maximum Headwinds = -10 (Bearish)

The Trade Index:

March 2021 (See Daily Heatmap Breakdown Below)