Systematic Strategies and Next Level Technical Analysis
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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
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
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
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
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
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
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 $XLY
Bonds are trending lower and commodities highs. Oil is holding its breakout, gold and silver turned up last week and copper surged to a new high. There are setups working in Palladium ($PALL) and Uranium ($SRUUF). $IEF $TLT $USL, $GLD $SLV $GDX $SIL $CPER $DBB $DBA $IBIT
Today’s report features four stocks from strong groups: Materials, Industrials, Technology and Biotech. These include Linde plc ($LIN), Gilead Sciences ($GILD), Teledyne Technologies ($TDY) and Textron ($TXT)
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
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
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
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
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
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