Systematic Trading Strategies and Next Level Trading Setups

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

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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

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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

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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

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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 »

102 Days Since SPY Oversold  – NDX Stocks Lagging – XLK Relative Weakness

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The long-term trend is up for the major index ETFs, breadth indicators are majority bullish and yield spreads remain narrow. These three items support the bull market for stocks. Short-term, however, signs are emerging that a correction could be coming. First, QQQ and the Technology sector show relative weakness the last five weeks. Second, stocks

102 Days Since SPY Oversold  – NDX Stocks Lagging – XLK Relative Weakness Read More »

Uptrends Expand, Tech Consolidates, Cybersecurity Breaks Out, A Classic Trading Setup – Big Banks Lead

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Welcome to the Friday Chart Fix. Today’s report starts with the percentage of stocks above their 200-day SMAs, which hit a multi-month high as uptrends expand. The Technology SPDR is above its 200-day, but consolidating the last four weeks as it digests big gains. Within tech, the Cybersecurity ETF broke out after a pullback and a top component

Uptrends Expand, Tech Consolidates, Cybersecurity Breaks Out, A Classic Trading Setup – Big Banks Lead Read More »

Gold/Copper Wind Up – Miners Hit New Highs – Uranium in Play – Bitcoin Sets Up

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Today’s report starts with the 7-10Yr TBond ETF, which is extending higher after its June breakout. Despite this strength, inflation appears to be an issue because the Inflation-Protected Bond ETF is stronger. Attention then turns to metals with gold in a bullish consolidation and miners hitting new highs. Base metals are

Gold/Copper Wind Up – Miners Hit New Highs – Uranium in Play – Bitcoin Sets Up Read More »

Smalls/Mids Lead – Biggest XLF Holding Breaks Out – Banks Strong – Utes Setup Up

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SPY remains a leader with fresh new highs, but QQQ is still below its mid August high and XLK remains flat this month. Even though the latter two are still in long-term uptrends, they show relative weakness short-term and this could foreshadow a corrective period for big tech. Small-caps, mid-caps, Finance and Banks are

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