Systematic Trading Strategies and Next Level Trading Setups
Stocks moved sharply lower the last two weeks with ten of the eleven sector SPDRs declining and almost all industry group ETFs falling. Energy-related ETFs and the Uranium ETF were exceptions. The long-term trend for
Stocks were hit hard again over the last two days and are now short-term oversold. While short-term oversold conditions could give way to an oversold bounce, we saw some important failures near falling 200-day SMAs over the last two weeks. These failures are long-term negative so I would not read too much into an oversold bounce
Traders can improve the odds of success by focusing on ETFs in leading uptrends. TrendInvestorPro identifies such ETFs with a table that shows Trend Composite signals and the 52-week range
Improving Odds by Focusing on ETFs with Leading Uptrends (Free) Read More »
The weight of the evidence remains bearish for stocks, but SPY became short-term oversold after a sharp decline the last five days. Even though this could give way to a bounce, the bears reasserted themselves and risk looks above average for stocks. Today’s report will
The Composite Breadth Model hit its moment of truth and failed to turn bullish as stocks moved sharply lower the last five days. Correlations rose as the vast majority of stock-based ETFs declined. Only energy-based
Stocks fell sharply the last two days and these declines were enough to reverse the short-term uptrends in many stock-based ETFs. In particular, the short-term uptrends reversed for SPY and QQQ. This is a big deal because the Composite Breadth Model was
The S&P 500 SPDR (SPY) surged to its falling 200-day SMA here in August and even edged above this key level intraday on Tuesday. Even though the ETF is close to crossing above the 200-day, chartists would be better off
Quantifying the Battle for the 200-day – It’s Elementary (Free) Read More »
The short-term uptrends are dominating the landscape, or at least this seems to be the case. SPY is below its falling 200-day SMA, but is up some 16% from its mid June low. It is a strong move that has yet to be reversed. In fact, there are dozens of ETFs with similar characteristics:
The thrust that began in mid July extended into mid August and triggered bullish signals in the Thrust Breadth Models. The Trend Models, however, remain bearish, as does the 5/200 day SMA cross for the S&P 500. At best, the market is split and more work is needed to turn bullish. At worst, the market is overbought
Market and ETF Report – SPY Nears 200-day, IWM Triggers, Energy ETFs Hold Breakouts, Agriculture ETF Breaks Out (Premium)
The S&P 500 SPDR (SPY) is in the midst of a strong advance since mid July as it became “overbought” on July 20th and remains overbought. Today’s article will show how to measure overbought and oversold levels using StochClose, which is a version of the Stochastic Oscillator that uses closing prices.
Overbought and Staying Overbought (Free) Read More »
Stocks surged on reports that inflation was less than expected. Bonds did not. This is interesting because bonds are supposed to be more vulnerable to inflationary pressures. The news, however, is just the reported news we can never be sure of the true reasons for the price moves.
The Composite Breadth Model remains bearish and SPY is in a long-term downtrend, but the short-term trend is up and has yet to reverse. Today’s video will mark some short-term support levels to watch for a few key ETFs and the line-in-the-sand for a short-term breadth indicator. We are seeing sharp counter-trend bounces in a
We are seeing more bullish Trend Composite signals, but the weight of the evidence remains bearish for stocks. Of the 274 ETFs in the master list, there are 22 ETFs (13%) with positive Trend Composites (uptrends) and 152 (87%) with downtrends. The uptrend signals are
The Composite Breadth Model at TrendInvestorPro has been bearish since April 11th and remains bearish, which suggests that the current bounce in SPY is a counter-trend advance within a bigger downtrend. Also note that
A Theme Emerges as One Group Pops within a Bear Market (Free) Read More »
Today’s report starts with some short-term breadth indicators. One of the three triggered a bullish breadth thrust, but the other two have yet to show the upside participation needed for a thrust signal. They have yet to cross that line and are actually looking short-term
Stocks surged in July and this surge was enough to trigger a bullish breadth thrust in the S&P 500. However, we have seen this movie before with bullish breadth thrusts that failed in late March and late May. The Composite Breadth Model needs more than just a bullish breadth thrust to turn the corner. Elsewhere, yield spreads
Despite a big advance in June, the Market Regime remains bearish and risk is above average for stock-based ETFs. In addition, the Trend Composite is negative for the vast majority of stock-based ETFs. A few ETFs related to clean energy, fossil fuels, consumer staples,
Led by its top two components, Enphase (ENPH) and Solar Edge (SEDG), the Solar Energy ETF (TAN) followed a bullish
TAN Follows Trend Composite Signal with Breakout (Free) Read More »
The previous article explained the methodology behind the Trend-Momo Bull-Bear ETF Strategy with signal and ranking table examples. This article will update performance by showing the equity curve relative to buy-and-hold, putting the June drawdown
