Market-ETF Video – Pennant Breakouts and Trailing Stops – NDX Stocks and Metals Lead

SPY and QQQ continued to lead the broader market higher, but MDY and IJR caught a bid with pennant breakouts this week. In fact, there are lots of pennant breakouts, especially in leading tech-related ETFs. We will cover these breakouts and show suggestions for trailing stops. Industrial and precious metals are leading the market with huge moves the last few weeks. Crypto is also perking up as IBIT breaks a flag line.

• Zweig Breadth Thrust and 5/200 Cross Active
• Slight Majority of SPX Stocks above 200-day SMAs
• IJR Gets Pennant Breakout, But Lags
• SPY and QQQ Maintain Leading Breakouts
• Leading Uptrends without Setups (XLF, ITA, CIBR, BLOK, GDX)
• MDY: Pennant Breakout and Trailing Stops
• Tech ETFs with Pennant Breakouts (XLK,XLC,MAGS,AIQ,ARTY,ARKF,SMH)
• XLI and IYZ Form Pennants Near Highs
• Medical Devices Forms Pennant
• Infrastructure ETF Extends on Breakout
• Utilities SPDR Consolidates after Breakout
• Consumer Staples SPDR Breaks Wedge Line
• Insurance ETF Consolidates Near Resistance
• AMLP Keeps Wedge Breakout Alive
• 7-10Yr TBond ETF is below Falling 200-day
• Platinum and Palladium Surge as Copper Breaks Out
• Silver Leads Gold with Breakout to New Highs
• Gold and Silver Miners Fall Back after New Highs
• DB Agriculture ETF Holds Breakouts
• Bitcoin and Ethereum ETFs Break Out