Systematic Trading Strategies and Next Level Trading Setups

Ten Stocks – Leading Uptrends, Tradable Pullbacks, Consolidations and Breakouts

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StockMarketTV – Breadth Expands – Tech ETFs Correct – 3 Stock Setups

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Analysis starts with the long-term trends and support levels for SPY and QQQ. Upside participation expanded last week as the percentage of stocks above the 200-day surge. New highs are the next item to watch. Breadth improved as new leaders emerged and tech ETFs corrective. Watch XLK, SMH and MAGS for clues on the correction. There are also three stock setups.

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New Leaders Emerge – Old Leaders Correct – Charting Corrections in Tech ETFs

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A rotation is underway in the stock market. Smalls and mids are starting to outperform large-caps and large-techs. Consumer Discretionary and Finance are starting to outperform Technology and Industrials. Keep in mind that these rotations started in late August, which means they are still short-term. Tech ETFs are still outperforming long-term and remain in long-term uptrends. However

New Leaders Emerge – Old Leaders Correct – Charting Corrections in Tech ETFs Read More »

RSP/S&P 1500 Model Turns Bullish – Yield Spreads Narrow – 3mo Yield Leads the Fed

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The weight of the evidence was already majority bullish for stocks and this evidence improved as two S&P 1500 breadth indicators triggered bullish. S&P 500 and Nasdaq 100 breadth indicators were already majority bullish. Strength in small-caps and mid-caps lifted S&P 1500 stocks this week. In addition to bullish breadth

RSP/S&P 1500 Model Turns Bullish – Yield Spreads Narrow – 3mo Yield Leads the Fed Read More »

Financial Sense – Rotation, SPY/QQQ Targets, Gold Stalls and BTC/QQQ Correlation

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These are the charts from my interview with Cris Sheridan and Financial Sense on Friday, August 22nd. A correction and market rotation started in August as money moved out of tech groups and into defensive groups. QQQ and Nasdaq 100 are the dominant force in the market right now. As such, a correction in QQQ

Financial Sense – Rotation, SPY/QQQ Targets, Gold Stalls and BTC/QQQ Correlation Read More »

Comparing 2020 with 2025 – Tech ETFs Extended – KRE Support – GLD Gets Quiet

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Today’s report starts by comparing the current March-August sequence with the March-August period in 2020. History does not repeat itself, but it sometimes rhymes. We then turn to four tech-related ETF that are very extended and ripe for a correction. The Regional Bank ETF helped small-caps last week and it is important that KRE holds its surge. We close with the Gold SPDR, which turned real quiet the last six days.

Comparing 2020 with 2025 – Tech ETFs Extended – KRE Support – GLD Gets Quiet Read More »

SPY/QQQ Lead – Small/Mids Still Lagging – 93 days since Oversold – Mediocre Breadth

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The stock market remains in risk-on mode, but the bull run is selective. SPY and QQQ tagged new highs in mid August. Even though mid-caps and small-caps surged last week, IJH and IJR remain well below their November highs and continue to lag large-caps. The new high list shows leadership concentrated in the Technology and Communication Services sectors. Narrow

SPY/QQQ Lead – Small/Mids Still Lagging – 93 days since Oversold – Mediocre Breadth Read More »

QQQ Overtakes QQEW – GOOGL Near High – Groups with Most Highs – Verizon Gaps

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Welcome to your Friday Chart Fix. Today’s report starts with year-to-date performance for QQQ and its equal-weight brother (QQEW). We then look at the leaders within QQQ and single out Alphabet because it is close to a new high. Attention then turns to small and mid caps because they led the market this week. New highs are still sparse within the space. We then show a ranking table to find the groups with the most new highs. And finally,

QQQ Overtakes QQEW – GOOGL Near High – Groups with Most Highs – Verizon Gaps Read More »

Utes, Infrastructure and Telecom Lead – Gold is Stuck – Bitcoin Returns to Breakout

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We are seeing leading uptrends in ETFs related to defensive groups: Utilities, Infrastructure and Telecom. All three hit new highs in August and have strong uptrends working. Elsewhere gold is stuck in a trading range with a classic pattern taking shape and Bitcoin returned to the scene of its prior breakout. 

Utes, Infrastructure and Telecom Lead – Gold is Stuck – Bitcoin Returns to Breakout Read More »

Small-caps Surge and Remain Erratic – An Oversold Zweig Breadth Indicator

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Small-caps came to life this week with big moves the last two days. These moves keep the uptrends alive for the S&P SmallCap 600 SPDR and S&P MidCap 400 ETF. Both were oversold and at support just below these surges. We will also look at an oversold condition in the Zweig Breadth Thrust indicator on August 1st. Even though these moves are impressive, small-caps trade more erratic

Small-caps Surge and Remain Erratic – An Oversold Zweig Breadth Indicator Read More »

Uber Holds above Breakout – AbbVie Leads Healthcare – 8 More Stock Setups

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Small-caps came to life this week with big moves the last two days. These moves keep the uptrends alive for the S&P SmallCap 600 SPDR and S&P MidCap 400 ETF. Both were oversold and at support just below these surges. We will also look at an oversold condition in the Zweig Breadth Thrust indicator on August 1st. Even though these moves are impressive, small-caps trade more erratic than

Uber Holds above Breakout – AbbVie Leads Healthcare – 8 More Stock Setups Read More »

SPX/NDX Breadth Bullish – Yield Spreads Narrow – 3month Yield Predicts Rate Cut

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S&P 500 and Nasdaq 100 breadth indicators are majority bullish, but S&P 1500 breadth remains majority bearish. Yield spreads remain narrow and show no signs of stress in the credit markets, which is bullish for stocks. Short-term rates fell to multi-month lows in early August, indicating that the Fed will cut rates. Overall, the environment for stocks is selectively bullish.

SPX/NDX Breadth Bullish – Yield Spreads Narrow – 3month Yield Predicts Rate Cut Read More »

Big Tech Still Leading – SOXX Forms Flag – CIBR Oversold – XLF, KRE, XLY, XLP

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Big tech continues to lead the market with the Technology SPDR, Mag7 ETF and Semiconductor ETF powering higher. These three have one thing in common (NVDA). It is not just Nvidia power semis because we are also seeing a flag breakout in SOXX. Elsewhere, the Finance sector is maintaining its uptrend as the Regional Bank ETF turned up after

Big Tech Still Leading – SOXX Forms Flag – CIBR Oversold – XLF, KRE, XLY, XLP Read More »

Correction Underway – Three Indicators Show Increasing Weakness from Within

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A correction is underway because equity ETFs are mixed over the past month (21 trading days). SPY and QQQ are up, but Small-caps (IJR) and Mid-caps (IJH) are down. Six of the eleven sectors are up, which means five are down. Even within the tech sector, we are seeing mixed performance because the Technology SPDR is up 3.23% and the EW Technology

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Friday Chart Fix – 2024 vs 2025 – Commodities with Crypto – Key Moment for IWM – The Tesla Squeeze

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Welcome to your Friday Chart Fix. Today we start with the difference between the 2024 bull market and the 2025 bull run. The S&P Total Market Index ETF hit new highs in July, but 2025 breadth is not what it was in 2024. Small-caps are weighing on the broader market as the Russell 2000 ETF battles its 200-day SMA. Even though QQQ is leading the major index ETFs with a double-digit gain

Friday Chart Fix – 2024 vs 2025 – Commodities with Crypto – Key Moment for IWM – The Tesla Squeeze Read More »

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