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Trailing Stops for Tech ETFs – Rising Channels in SPY, QQQ and XLF – XLV and ITB Set Up

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The weight of the evidence remains bullish for stocks with large-caps and tech stocks leading the way. Utilities, defense and big banks are also strong. Small-caps and mid-caps are more mixed. We could be in for some volatility as the headlines flow from Washington DC. What else is new? We could also be in for a rough ride because October is

Trailing Stops for Tech ETFs – Rising Channels in SPY, QQQ and XLF – XLV and ITB Set Up Read More »

102 Days above 50-day – New Lows – Tech Power – Commodity Bulls – Oil Gets Interesting

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SPY reached a milestone this week as it held above its 50-day SMA for more than 100 days, which was the seventh such occurrence since 2000. Even though SPY is 2.2% above its 50-day, only half of its components are above their 50-day SMAs and new lows are expanding. However, a correction in SPY could remain elusive until tech stocks and the MAG7 buckle. Elsewhere, it is a bull market in commodities and even energy is starting turn up.

102 Days above 50-day – New Lows – Tech Power – Commodity Bulls – Oil Gets Interesting Read More »

Gold/Silver Miners Go Parabolic – Copper Surges – Oil Sets Up – 4 Energy ETFs to Watch

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Commodities are still an option, even in the AI age. Precious metals and their respective miners continue to lead the market with big moves since early August. Industrial metals are strong overall with copper catching a big bid this week. Energy is also showing promise as oil firms above its breakout zone and looks poised for a breakout. Today’s report will cover metals and oil. Note that I covered crypto and uranium on Tuesday. Symbols covered: GLD, SLV, GDX, SIL, CPER, DBB, USO, XLE, OIH, XOP, FCG.

Gold/Silver Miners Go Parabolic – Copper Surges – Oil Sets Up – 4 Energy ETFs to Watch Read More »

A Healthcare Stock at New Highs – A Defense Stock Breakout – 4 Utilities with Breakouts

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Today’s report features two stocks with leading uptrends, two stocks with short-term breakouts and four utility stocks with breakouts. Most of these stocks come from strong areas of the stock market: software, defense and utilities. Quest Diagnostics is part of the Healthcare sector, which is lagging the broader market. Mercado Libre is an ecommerce giant in Latin America. Today’s stocks are: ADSK, DGX, MELI, DRS, AEE, CNP, ETR and EVRG.

A Healthcare Stock at New Highs – A Defense Stock Breakout – 4 Utilities with Breakouts Read More »

Banks Lead Finance – Defense Leads Industrials – Utes – Uranium Surges – IBIT Dips

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The weight of the evidence remains bullish for stocks, but this is not a bull market that lifts all boats. Strength is concentrated in three sectors: Technology, Consumer Discretionary and Communication Services. Outside of these sectors, I am also seeing leadership in precious metals, industrial metals, clean energy, aerospace-defense, big banks and telecom. Today’s report will show some trends and setups for ETFs

Banks Lead Finance – Defense Leads Industrials – Utes – Uranium Surges – IBIT Dips Read More »

Tech ETFs Still Leading – Speculation Builds – A Plan for The Trader and The Accumulator

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The bull run continues with large-caps and large-cap techs leading the charge. SPY, QQQ and XLK hit fresh new highs this week. Breadth is strong enough to support a bull market with 62.80% of S&P 500 stocks above their 200-day SMAs. With new highs in SPY, QQQ and IWM, this percentage, however, is relatively subdued. In a strong bull market, I would expect

Tech ETFs Still Leading – Speculation Builds – A Plan for The Trader and The Accumulator Read More »

Dissecting the Trend Composite – NVDA Signals – Four Recent Signals and Two Setups

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This report focuses on the Trend Composite, which is a long-term trend-following indicator. First, I will shows the 5/200 cross for reference. Second, I dissect the components of the Trend Composite and show how it works. Third, I will show why we should be using data that is not adjusted for dividends. We then get into recent Trend Composite signals within the S&P 500 and show four

Dissecting the Trend Composite – NVDA Signals – Four Recent Signals and Two Setups Read More »

Bonds Extend High – Gold/Silver Miners Overextended – BitCoin Breaks Out

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Bonds, precious metals, industrial metals and Bitcoin all moved higher in September. Throw in stocks and we have bull markets almost everywhere. Bonds extended on their late June signal, gold and silver extended on their late August breakouts, and Bitcoin broke out of a falling flag this week. Next week could bring fireworks

Bonds Extend High – Gold/Silver Miners Overextended – BitCoin Breaks Out Read More »

TLT Still Lagging, Best Hunting Grounds, IWM Starts Leading, Healthcare and Biogen

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Welcome to the Friday Chart Fix! Bonds are surging, but not outperforming stocks, which is positive for stocks. Mid-caps show the most internal strength, but the Russell 2000 ETF is outperforming the S&P MidCap 400 SPDR. Healthcare breadth improved with a key indicator crossing the 50% threshold and XLV broke its

TLT Still Lagging, Best Hunting Grounds, IWM Starts Leading, Healthcare and Biogen Read More »

Stocks: COIN, DASH, GILD, HWM, KTOS, MKSI, PLTR and VEEV

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This report features stocks with uptrends and bullish setups. We start with Coindesk as it makes one step backward after two steps forward. Attention then turns to short-term consolidation patterns in DoorDash, Gilead, Howmet, Kratos and Palantir. MKS Inc is tracing out a head-and-shoulders and Veeva Systems reversed within a bigger bullish consolidation.

Stocks: COIN, DASH, GILD, HWM, KTOS, MKSI, PLTR and VEEV Read More »

Market Conditions in One Chart – Plus XLV, IHI, XLU, KIE, URA, $BTCUSD, IBIT, BLOK

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Today’s report starts with one paragraph and one chart summing up current market conditions, which are bullish. Techs are lagging the last five weeks, but other parts of the market are picking up the slack. Attention then turns to ETFs with bullish setups or signals. ETF related to Healthcare, Insurance and Blockchain

Market Conditions in One Chart – Plus XLV, IHI, XLU, KIE, URA, $BTCUSD, IBIT, BLOK Read More »

New Highs vs Lows, XLC Goes Beast Mode – Risk is On – Dissecting Gold – A Cyber Setup

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Welcome to the Friday Chart Fix! Today’s report starts with a bullish breadth indicator and the level to watch going forward. We then turn to the strongest sector: Communication Services. It has been on fire since May and continues to lead. Overall, stocks are in good shape because the EW Technology sector is trading above resistance

New Highs vs Lows, XLC Goes Beast Mode – Risk is On – Dissecting Gold – A Cyber Setup Read More »

Alternative ETFs – GLD, SLV, GDX, SIL, CPER, DBB, SRUUF (Uranium), $BTCUSD and IBIT

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Precious metals continue to lead the financial markets as gold, silver and their respective miners hit new highs. The recent breakouts were not a surprise because bullish continuation patterns formed in August. We are also seeing continued strength in Base Metals, as well as a recent breakout in Copper. Uranium extended on its breakout, but Bitcoin remains in corrective mode.

Alternative ETFs – GLD, SLV, GDX, SIL, CPER, DBB, SRUUF (Uranium), $BTCUSD and IBIT Read More »

SPY in Leading Uptrend – 60+ Percent of Stocks above 200-day – Spreads Narrow

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Even though stocks are ripe for a corrective period, the weight of the evidence supports a bull market. As such, a pullback would be a considered as a correction within the bull market. SPY is in a leading uptrend, 60+ percent of stocks are above their 200-day SMAs and yield spreads are narrow. In addition, short-term rates are falling, which suggest a dovish Fed.

SPY in Leading Uptrend – 60+ Percent of Stocks above 200-day – Spreads Narrow Read More »

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