StockMarketTV – Breadth Expands – Tech ETFs Correct – 3 Stock Setups
- Arthur Hill, CMT
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These are the charts from the StockMarketTV show on Tuesday, August 26th. Analysis starts with the long-term trends and support levels for SPY and QQQ. Upside participation expanded last week as the percentage of stocks above the 200-day surged. New highs are the next item to watch. Breadth improved as new leaders emerged and tech ETFs corrective. Watch XLK, SMH and MAGS for clues on the correction. There are also three stock setups.
Recent Reports and Videos at TrendInvestorPro
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- Seasonal Patterns – Thrust Set Up – SPY, QQQ & XLK Hold Breakout Zones
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Trend and Support for SPY
Trend and Support for QQQ
Percent above 200-day Expands
Watch High-Low Percent Next
Watch August Lows for XLK, MAGS and SMH
Three Tech ETFs with Short-term Corrections
Three Stocks with Trade Setups
Recent Reports and Videos at TrendInvestorPro
- Finance Hits Retracement – AI/Semis Get Oversold Bounces – Biotechs Lead
- Breadth Models Remain Bullish – Rates Trend Higher – Yield Spreads Show Stress
- Agribusiness and Aero-Defense ETFs Firm – Oil Services ETFs Turn Up
- Seasonal Patterns – Thrust Set Up – SPY, QQQ & XLK Hold Breakout Zones
- Click here to take a trial and gain full access.
