Systematic Trading Strategies and Next Level Trading Setups
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 »
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 »
SPY, QQQ and XLK are in uptrends with the mid-late August lows marking first support. Support breaks would reverse the short-term uptrends and argue for a corrective period.
SPY, QQQ and XLK Maintain Uptrends – 10 Tech ETFs – IJH, IJR, IWM, KRE, XLU Read More »
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 »
This report features stocks with tradable setups or breakouts. Each chart features an analysis checklist covering the trend, relative performance, condition, pattern at work, re-evaluation level and special considerations. Uptrends and bullish continuation patterns are the maintain, but reversal candidates are also featured when appropriate.
Seven Stocks – AMZN, BROS, DIS, DRS, ELF, EW and QCOM Read More »
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 »
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 »
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
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 »
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
Smalls/Mids Lead – Biggest XLF Holding Breaks Out – Banks Strong – Utes Setup Up Read More »
Today’s report features ten stocks with uptrends and trading setups or recent breakouts. These charts cover 15 months of price action in the main window and two indicators. The price-relative (AAPL/RSP ratio) measures relative performance and %B identifies short-term oversold conditions. The main focus is on price action since the April low and the
Ten Stocks – Leading Uptrends, Tradable Pullbacks, Consolidations and Breakouts Read More »
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.
StockMarketTV – Breadth Expands – Tech ETFs Correct – 3 Stock Setups Read More »
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 »
Stocks moved sharply higher on Friday with small-caps and mid-caps leading the charge. Friday’s big advance is not the first big move for these two groups. They also moved sharply higher on August 12th and 13th. August is shaping up to be a big month for small-caps and mid-caps. This report focuses on the big four
Big Four are in Long-term Uptrends – Risk-On Environment Read More »
It was a long time coming, but the Broad Breadth Model finally turned bullish as small-caps and mid-caps surged on Friday. These groups were weighing on the S&P 1500 breadth indicators. Not any more. The bullish signal means strength within the market is broadening and the systematic strategies are active.
Broad Breadth Model Turns Bullish – Now What? Read More »
Welcome to your Friday Chart Fix. Signs of correction and rotation emerged this week as money moved out of tech-related groups and into defensive groups. We will put this week’s rotation into perspective with some year-to-date performance metrics. Nasdaq 100 stocks are a dominant force
QQQ/SPY Targets, IWM Best Hold, NDX Dominance, Bitcoin/QQQ, Costco Holds Up Read More »
The Fed begins its Economic Symposium in Jackson Hole today and the messages from this meeting could create sparks in the intermarket area. Interest rates and bonds are especially sensitive to Fed-related news. This extends to the Dollar, Gold, stocks and possibly even crypto. I
Bonds Hold Breakout – Gold and Silver Wind Up – IBIT Sets up First Support Test Read More »
There is a correction underway with tech stocks weighing on the broader market, especially SPY and QQQ. The Technology sector accounts for a whopping 33.72% of SPY and the S&P 500. Financials are a distant second at 13.67%. We then have Consumer Discretionary
Correction/Rotation – XLK Weighs on SPY – Defensive ETFs Breaking Out Read More »
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 »
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 »
