Market-ETF Video – SPY/QQQ Negate Breakdowns – Tech ETFs Lead Rebound – Gold Consolidates

The next report will be on Thursday, May 15th

See today’s Market Regime update for long-term breadth charts and a ZBT update. 

Report/Video Headlines

  • Stocks Extend after Thrust Signals
  • Long-term Trend/Breadth Indicators are Net Bearish
  • SPY and QQQ Negate March Support Breaks
  • A Tale of Two Periods – Defensive vs Offensive
  • Several ETFs are Short-term Overbought
  • Big Moves in Tech Names (AIQ, ARTY, CLOU, ARKF)
  • Price-relatives Turning up (XLK, MAGS)
  • Semiconductor ETF Recaptures 200-day SMA
  • Software and BlockChain Extend after Breakouts (IGV, BLOK)
  • Cybersecurity Nears February High (CIBR)
  • Aerospace & Defense ETF Hits New High (ITA)
  • AMLP Extends on Flag Breakout (AMLP)
  • Gold Miners Oversold with Wedge (GDX)
  • Gold and Silver Consolidate after Surges (GLD, SLV)
  • Bitcoin ETF Extends on Breakout (IBIT)

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Thanks for tuning in and have a great day!
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