Tech stocks led the market again this week and the tech-related ETFs are the top performers over the last four to five weeks. The old economy ETFs, such as industrials, housing,

The stock market does not get any more mixed than it did on Thursday. The S&P 500 SPDR closed with a .50% gain, the S&P SmallCap 600 SPDR closed with a 1.6% loss and the Nasdaq 100 ETF advanced 1%. This was not a value-growth split, but rather a large-small split. Small-cap growth (IJT) and small-cap value (IJS) were both down over 1%.

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 stock market. Stocks perform best when credit markets are not stressed

There are still plenty of short-term setups out there. These include one to three week pennants, flags and falling wedges. There were even some short-term breakout attempts in late May and early June. Several of these breakouts are under pressure as prices fell back. A short-term consolidation within an uptrend is typically a bullish continuation pattern, but

Tech stocks were hit with selling pressure on Thursday and then rebounded along with Treasury bonds on Friday. The narrative seems to be that rising bonds and falling yields are bullish for tech stocks. Regardless of the narrative, several tech related ETFs are holding their breakouts within larger

SPY stalled the last seven weeks, but remains in a clear uptrend. Despite some concerns with seasonal patterns in June, August and September, the price chart for SPY remains strong and the Composite Breadth Model is fully bullish. The Fed balance sheet expanded this week and hit a new record

REIT and energy ETFs are leading the market right now as ETFs in these groups surged to new highs. Some old economy ETFs are not far behind with the Finance SPDR, the Metals & Mining SPDR and the Global Auto ETF also hitting new highs.

May was a volatile month for SPY with five swings of two percent or more, but the month ended slightly positive after a 3% upswing the last eight trading days. May is finished and now we head to June, which has a slightly negative seasonal bias. We will look at this seasonal pattern in today’s video and put the current

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There is a rotational or rolling correction underway in the stock market. Tech-related ETFs and high flyers peaked in mid February and corrected into May. During this period, the old economy ETFs picked up the slack and moved to new highs (industrials, materials, steel, copper, energy, banking, housing).

This article is the second of a two part series where we put gold and silver to the test. The first article showed test results for crosses of the 200-day SMA and EMA. This article tests the Trend Composite signals

It was another week full of gaps. Tech-related ETFs rebounded and gapped up on Thursday. The old economy ETFs gapped down on Wednesday and did not partake in the tech rebound. Thus, we have up-gaps and short-term breakouts in tech competing with