Recent Commentary and Analysis
ETF-Signals – Trend & Normalized ROC Rank (Premium)
This table is for the Trend & Normalized ROC strategy that trades 74 stock-based ETFs. It tracks the Composite Breadth Model, Trend Composite, eSlope and Normalized ROC.
ETF-Signals – Trend & Volatility-Adjusted ROC Rank (Premium)
This table tracks signals and momentum for stock-based ETFs that are part of the ETF Trend Momentum Strategy. This table qualifies ETFs that meet three requirements: CBM is positive, Trend Composite is positive
ETF-Signals – Mean-Reversion Setups & Indicators (Premium)
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ETF-Signals – Trend Composite & StochClose Rank (Premium)
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ETF-Strategy – Trend Composite & Normalized ROC Strategy – Momentum Ranking and Signals (Premium)
Recent research reveals that an ATR-based ranking indicator works better than Volatility-Adjusted ROC. This indicator is called “Normalized ROC” and is part of the TIP Indicator Edge Plugin for StockCharts ACP. Today’s article will introduce the indicator
Market/ETF Video and Report – SPY and Breadth Diverge, QQQ Goes Parabolic, Mid-caps May hold the Key (Premium)
Large-cap techs are powering QQQ and the Technology sector, which in turn is powering SPY higher. The situation outside of large-cap tech is different because the S&P 500 EW ETF is actually down for the month. Despite underlying weakness in some breadth
Current Market Regime, Composite Breadth Model, Yield Spreads and Fed Balance Sheet (Premium)
This page shows the current Market Regime using the Composite Breadth Model and the situation in the credit markets with yield spreads. These indicators are very different, but they go hand in hand when assessing the state of the financial markets.
Stock-Signals – S&P 500 Trend Composite Signals (Free)
The Trend Composite is a trend indicator that aggregate signals in five indicators. Bollinger Bands (125,1), Keltner Channels (125,2), 5-day Rate-of-Change of 125-day SMA, StochClose (125,5) and CCI-Close (125). Click on any column heading to sort. This table is updated every Friday before the open.
Market/ETF Video and Report – SPY Tags Higher High, but Breadth Wanes, Big Techs Lead, Defensive ETFs Pull Back (Premium)
The S&P 500 and SPY exceeded their early February highs with surges last week, but breadth failed to confirm and remains a concern. Namely, we are watching the percentage of stocks above the 200, 50 and 20 day SMAs. Large-cap semis
Finding the Leaders with ATR Momentum (Free)
Chartists can find leaders by ranking ETF performance in ATR multiples, and there is even an indicator for that. Normalized-ROC puts point performance in ATR multiples and we can compare these values against others. Current Normalized-ROC
Market/ETF Video and Report – Narrowing Participation, QQQ Leads, EW SPX Under Performs, Watching Breakouts in SOXX and IGV (Premium)
Even though the Composite Breadth Model is bullish, the market is as split as ever. The Trend Composite is positive for SPY and QQQ, but negative for the S&P 500 EW ETF, S&P MidCap 400 SPDR and Russell 2000 ETF. Within the S&P 500, large-cap techs are leading and keeping SPY afloat. I am wary because
Stock-Strategy – Trend-Momentum Profit Target Strategy for Russell 1000 – Indicators, Conditions, Signals, Entries, Exits, Profit Targets and Parameters (Premium)
We are making progress. After a big hiccup on Thursday, I reworked the strategy and will cover the basics in this article. Here are some of the changes. First, the strategy trades stocks in the Russell 1000 to capture more beta. Second, I tightened the volatility filter by requiring the standard deviation to be below 50%. Third, I added price,
Narrowing Participation, SPY and QQQ Hold Up, ETFs with Pullbacks and Breakouts (Premium)
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Changing the Offering and Moving to Stocks
Traders use relative performance to find stocks that are outperforming the broader market. Relative performance is also important for evaluating trading strategies. A strategy with a relatively high drawdown should deliver
Market/ETF Video – Short-term Uptrends Reverse, High-beta and Tech ETFs Lag, Defensive ETFs Take the Lead (Premium)
The Composite Breadth Model is bullish, but there are some serious pockets of weakness within the market. Namely, small-caps, high-beta ETFs and tech-related ETFs. Selling pressure increased on Tuesday and many ETFs broke their early April lows to reverse their upswings