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The Trade Index

What Are The Market Trade Winds Telling Us? 

INDEX STRENGTH: +3

I mentioned on Thursday that market sentiment was back near optimistic highs and the last time we visited these levels, it poured cold water on hot markets.  Well, almost on cue, headwinds are back and the Trade Index took a hit on Friday.  The short-term index dropped to 0.  The long-term strategic index now sits at +3, its first drop to this level in weeks.  Time to start paying close attention again Bulls.  January 15, 2021.  9 am ET.

Previous Close:

+8

One Week Ago:

+10

Maximum Tailwinds = +10 (Bullish)

Maximum Headwinds = -10 (Bearish)

The Trade Index:

January 2021 (See Daily Heatmap Breakdown Below)