Program 91 | Markplex Sector Tilt indicator

Program 91 is a TradeStation EasyLanguage indicator that gauges market risk sentiment by comparing what might be considered “growth-oriented” sectors (like tech, consumer discretionary, semiconductors) against what might be considered “defensive” sectors (like utilities, consumer staples, health care). By analyzing six Exchange Traded Funds (ETFs) (chosen as inputs to the program) we can get an idea of whether the market is currently higher or lower risk. when “growth-oriented” ETFs outperform, it indicates potentially higher risk appetite in the markets. When “defensive” ETFs outperform, it indicates lower risk appetite.

This video does not imply that any specific ETF is safer, more stable, or more likely to grow in value than another.

See https://markplex.com/easylanguage-programs/program-91-markplex-sector-tilt-indicator/