Systematic Strategies and Next Level Technical Analysis

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Consolidations in Industrials, Finance and Comm Services – Breakouts in Defense and Brokers

By Arthur Hill, CMT

Today’s report starts with our weight-of-the-evidence charts, and the evidence is bullish. We project a path forward for $SPY and $QQQ, and highlight the breakouts in $RSP, $IJH and $IJR (equal-weights, mid-caps and small-caps). Attention then turns to setup consolidations in Industrials ($XLI), Communication Services ($XLC) and Finance ($XLF). We also feature breakouts in the Aerospace & Defense ETF ($ITA) and Broker Dealer & Exchanges ETF ($IAI).

Consolidations in Industrials, Finance and Comm Services – Breakouts in Defense and Brokers Read More »

The Breakout Parade within Tech – Cloud, Cybersecurity and Software – What’s Next?

By Arthur Hill, CMT

Technology is the leading sector with the largest gains since April and new highs throughout May. Within the sector, Semiconductors (SMH, SOXX) and AI (ARTY, AIQ) are leading the way. These two groups are not alone because the $IGV $SKYY $CIBR $ARKF

The Breakout Parade within Tech – Cloud, Cybersecurity and Software – What’s Next? Read More »

Gold Extends Correction – Copper & Uranium Miners Bounce off Support – Ag Oversold

By Arthur Hill, CMT

May is proving to be a volatile month for the asset class ETFs. There were big price swings in bonds, oil, copper, and agriculture. Headlines drive short-term swings, but the bigger trends remain intact. Bonds are trending lower, oil is holding its breakout, copper remains in an uptrend and agriculture is setting up with a bullish pullback. $IEF $TLT $USL $GLD $CPER $DBB $SRUUF $COPX $URA $DBA $IBIT

Gold Extends Correction – Copper & Uranium Miners Bounce off Support – Ag Oversold Read More »

Fastenal, Norfolk Southern, PACCAR, Illumina and Evergy

By Arthur Hill, CMT

Today’s report features three stocks from the industrials sector: Fastenal, PACCAR and Norfolk Southern. We also cover a biotech breakout (Illumina) and a diversified utility with a bullish triangle (Evergy). $FAST $NSC $PCAR $ILMN $EVRG

Fastenal, Norfolk Southern, PACCAR, Illumina and Evergy Read More »

Industrials Hold as Defense Sets Up – Healthcare Follows Through as Biotech Sets Up

By Arthur Hill, CMT

The weight of the evidence remains bullish for stocks as the bull market shows signs of broadening. The S&P 500 EW ETF hit a new high, while small-caps and mid-caps turned up. $IJH $IJR $RSP $XLV $IBB $XLI $ITA $SKYY

Industrials Hold as Defense Sets Up – Healthcare Follows Through as Biotech Sets Up Read More »

MidCap and SmallCap ETFs Get Short-term Breakouts as Breadth Sets Up Bullish

By Arthur Hill, CMT

The S&P SmallCap 600 SPDR and S&P MidCap 400 ETF (IJH) are setting up with wedge/flag breakouts and short-term breadth looks poised to break out for confirmation. $IJR $IJH $SMLA50R $MIDA50R

MidCap and SmallCap ETFs Get Short-term Breakouts as Breadth Sets Up Bullish Read More »

Breadth Deteriorates – Is this a Threat or an Opportunity?

By Arthur Hill, CMT

Breadth indicators deteriorated from mid April to mid May, but this is more of an opportunity than a threat. First, SPY and S&P 500 breadth are bullish, which sets the bullish tone for the stocks. This means bullish outcomes are more likely than bearish outcomes. $SPY $RSP $SPXA50R

Breadth Deteriorates – Is this a Threat or an Opportunity? Read More »

Gold Corrects within Uptrend – Copper Miners and Uranium ETFs Tests Support

By Arthur Hill, CMT

May is proving to be a very volatile month for the asset class ETFs, but most of the trends remain in place. The Copper and Uranium Miners ETFs surged and fell back with sharp declines as both tests support. $GLD $SLV $IEF $TLT $CPER $DBB $SRUUF $COPX $URA $DBA $IBIT

Gold Corrects within Uptrend – Copper Miners and Uranium ETFs Tests Support Read More »

Healthcare and Resources Set Up Bullish – Finance Failure – Materials and Gold Miners Break

By Arthur Hill, CMT

Today’s report focuses on five ETFs. Healthcare and Natural Resources are setting up bullish. Finance failed at its 200-day. The Materials sector failed to hold its breakout as Gold Miners broke down. $XLV $XLF $XLB $GDX $IGE

Healthcare and Resources Set Up Bullish – Finance Failure – Materials and Gold Miners Break Read More »

Software Breakout – Microsoft Setup – Energy Resumes Lead – AeroDefense Setup

By Arthur Hill, CMT

Even though we are in a bull market and the cup is half full, there are clearly risks out there. Leadership is narrow and key groups are lagging. Tech and energy are leading. $RSPD $ITB $XRT $DBA $USL $UST10Y $SPY $QQQ $XLK $SOXX $IGV $MSFT $XLE $OIH $AMLP $FCG $ITA

Software Breakout – Microsoft Setup – Energy Resumes Lead – AeroDefense Setup Read More »

Breadth Shows Energy and Utilities Leading Tech – Finding Mean-Reversion Setups

By Arthur Hill, CMT

Technology and Communication Services led the market since April, but they are not the strongest sectors when measuring internal strength. Energy and Utilities still stand out. $XLE $XLU $XLY

Breadth Shows Energy and Utilities Leading Tech – Finding Mean-Reversion Setups Read More »

Oil Holds Breakout – Silver Leads Gold – Palladium/Uranium Set Up – Copper Surges

By Arthur Hill, CMT

Bonds are trending lower and commodities highs. Oil is holding its breakout, gold and silver turned up last week and copper surged to a new high. There are setups working in Palladium ($PALL) and Uranium ($SRUUF). $IEF $TLT $USL, $GLD $SLV $GDX $SIL $CPER $DBB $DBA $IBIT

Oil Holds Breakout – Silver Leads Gold – Palladium/Uranium Set Up – Copper Surges Read More »

Linde Breaks Out, Gilead hits Bullish Zone, Teledyne Oversold, Textron Holds Breakout

By Arthur Hill, CMT

Today’s report features four stocks from strong groups: Materials, Industrials, Technology and Biotech. These include Linde plc ($LIN), Gilead Sciences ($GILD), Teledyne Technologies ($TDY) and Textron ($TXT)

Linde Breaks Out, Gilead hits Bullish Zone, Teledyne Oversold, Textron Holds Breakout Read More »

Lopsided Market – Semis Hit Extreme – Industrials and Materials Hold Breakouts

By Arthur Hill, CMT

The weight of the evidence remains bullish for stocks, but three indicators suggest that semiconductors are extremely overbought and some key groups are lagging. Symbols: $SPY $QQQ $IWM $DBA $ITB $RSPD $XRT $XLK $SMH $XLI $XLB $ITA $IGE $XLE $FCG

Lopsided Market – Semis Hit Extreme – Industrials and Materials Hold Breakouts Read More »

High-Low Line Turns, RSP Forms Bullish Pattern, Cybersecurity and Cloud ETFs Reverse

By Arthur Hill, CMT

Stocks surged in April with SPY, QQQ and the tech sector leading the way. Even though the Equal-weight S&P 500 is lagging, it remains in an uptrend with a … $CIBR $SKYY

High-Low Line Turns, RSP Forms Bullish Pattern, Cybersecurity and Cloud ETFs Reverse Read More »

Bonds Trend Lower – Precious Metals Set Up – Uranium Forms Bullish Pattern

By Arthur Hill, CMT

The asset class ETFs paint a picture that favors inflation. Bonds are in downtrends, inflation protected bonds are in uptrends and commodities are in uptrends. Today’s report will $IEF $TLT $USL $GLD $SLV $GDX $SIL $CPER $DBB $SRUUF $DBA $IBIT

Bonds Trend Lower – Precious Metals Set Up – Uranium Forms Bullish Pattern Read More »

A Materials Leader, A Biotech Breakout and a Solar Stock with a Momentum Thrust

By Arthur Hill, CMT

Today’s report features an aluminum producer setting up, the biotech breaking out and the solar player with a bullish momentum thrust. $AA $BIIB $FSLR

A Materials Leader, A Biotech Breakout and a Solar Stock with a Momentum Thrust Read More »

AI Complex and Energy Lead as Consumer Discretionary, Housing and Retail Lag

By Arthur Hill, CMT

The evidence remains bullish for stocks, but there are still sizable pockets of weakness in some key groups. For now, the AI complex and energy are leading. Symbols: $SPY $QQQ $RSP $UST10Y $DBA $USL $XLE $FCG $AMLP $MOO $IBB $XBI $IGE

AI Complex and Energy Lead as Consumer Discretionary, Housing and Retail Lag Read More »

Using the PPO to Define Trend and Aroon to Identity Breakouts After Corrections

By Arthur Hill, CMT

My bread and butter trading strategy is to look for consolidations within long-term uptrends, and during bull markets. We are clearly in a bull market with SPY, QQQ and IWM hitting new highs. Today’s report will feature a simple strategy

Using the PPO to Define Trend and Aroon to Identity Breakouts After Corrections Read More »

Aroon Setups and Signals for 5 ETFs, Include a Commodity ETF

By Arthur Hill, CMT

This is a follow-up report on the PPO-Aroon strategy. We are featuring two ETFs with bullish Aroon signals this past week and three with bullish setups. All five are in long-term uptrends and they recently corrected within these uptrends…

$XLU $XLP $SDY $ITA $GLD

Aroon Setups and Signals for 5 ETFs, Include a Commodity ETF Read More »