Chart Trader Weekly Report – Broad Market Analysis, Leading Groups (ETFs), Chart Setups and Trading Ideas (Premium)

We are still in a bull market, but some risk-on groups are lagging and defensive groups are leading. Interest rate sensitive groups are leading. After hard hits in early September, tech names recovered this week with strong advances. We will put these into context and show key levels to watch (QQQ, XLK, MAGS, SOXX). The other four tech ETFs (IGV, CIBR, SKYY, FINX) are holding up better. This report also cover MSFT, META, QCOM, ARM, DELL, AVGO and NVDA.

Today’s report starts with the CBM and yield spread to define the broad market environment. Despite bull market conditions, odds are increasing for corrective period. We are seeing relative and absolute weakness in key groups, leadership in defensive groups and weak seasonal patterns. GLD and TLT remain strong, while Bitcoin remains weak. We finished with PODD and META.

Today’s report starts with the CBM to define the market. We then address the recent market mood swing as volatility picked up, techs started lagging and defensive groups started leading. Cybersecurity and Fintech are leading within tech and we feature four stocks from these groups. Symbols Covered: XLU, XLP, XLV, XLK, SOXX, CYBR, IGV, FINX, XLRE, ITB, ITA, KIE, IBB, FAN, PBJ, PANW, CYBR, JKHY, PYPL

This report covers the broad market environment and will be updated every Friday. We start with the breadth models to define the broad market environment (bull market or bear market). The first model covers the broader market, while the second model emphasizes the Nasdaq 100. And finally, we finish with yield spreads to assess conditions in the credit markets.

Today’s report starts with short-term overbought conditions, the 12 day surge and the increase in volatility. We then turn to the long-term trends for SPY, QQQ and MAGS. Several tech-related ETFs and tech stocks broke short-term resistance levels and we will set the key levels to watch going forward. Analysis covers SOXX, IGV, CIBR, NVDA, AVGO, AMAT, GOOGL, MSFT and more.

This report starts with the leaders over the last ten days and the leaders based on 52-week highs. Large-cap tech stocks led the 10-day surge, but Healthcare, Consumer Staples and Biotech are leading on charts. We then analyze the Healthcare SPDR, Biotech ETF and three Healthcare stocks (CAH, INCY, ILMN)

This report starts with the Healthcare SPDR because it is one of the leading sectors right now. Also notice that the Consumer Staples SPDR, Utilities SPDR and Real Estate SPDR are also leading with new highs this week. Leadership from the defensive sectors points to some risk

This report starts a long-term look at the Nikkei, which started breaking down in July. US stocks rebounded after sharp declines on August 5th, but they have yet to fully recover and remain in short-term downtrends. We will look at the corrections in SPY, QQQ and MAGS.

Increasing uncertainty is causing the markets to reprice. SPY, QQQ and IWM hit new highs in July and were priced for the best of all worlds. We then got a shakeup in the presidential race, a weak jobs report and a route in the Nikkei. Markets do not like uncertainty and

Selling pressure broadened over the last three days with the broader market (S&P 500 stocks) joining tech-related stocks (Nasdaq 100 stocks) in the sell off. The long-term trends are still up for SPY and QQQ. In addition, the Composite Breadth Model and the SPX-NDX Breadth model remain

This report starts with the short-term breakouts in SPY and QQQ. Battered semiconductor stocks led the surge and we will look at the Semiconductor ETF today. We also cover the Software and Cybersecurity ETFs, which represent

This report starts with the long-term breadth indicators to confirm the bull market. Overall, S&P 500 stocks are stronger than Nasdaq 100 stocks. SPY and QQQ are in the midst of pullbacks and have yet to become oversold. Thus, they could have further to go before bouncing. We will then update the breakouts in