Systematic Trading Strategies and Next Level Trading Setups
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 »
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 »
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 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 »
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 »
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 »
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
Correction Underway – Three Indicators Show Increasing Weakness from Within Read More »
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
