ETF Trends, Patterns and Setups – Dozens of ETFs in Trend-Monitoring Phase, Banks Break Out, XBI follows IBB and Metals Make a Move (Premium)

There are dozens of ETFs in the trend-monitoring phase because their setups evolved in February-March, they broke out at least a month ago and moved higher the last two months (or more). There is no real analysis to be done with these ETFs because they are in their post-breakout moves (trend-monitoring phase). Today’s report will show charts for these ETFs first.

Growth and High-Beta Start to Lead – Brazil and Emerging Markets Break Out (Subscribers)

It has been a wild ride for the Russell 2000 Growth ETF (IWO) and Nasdaq 100 Next Gen ETF (QQQJ) over the last two weeks as they went from emerging leaders to overreaction laggards and back to leading. The lagging part occurred last Tuesday when stocks fell sharply during the day. This whipsaw action is looking more like short-term noise because these two are leading again with strong recoveries.

Timing Models – SPY Hits New High as XLY and XLK Lead, IWM Consolidates, Yield Spreads Narrow Even Further (Premium)

The S&P 500 SPDR hit a new high to affirm the bull market and seven sector SPDRs joined the new high parade (XLK, XLY, XLC, XLI, XLB, XLRE, XLP). The Finance SPDR (XLF) and Healthcare SPDR (XLV) are within 2% of 52-week highs. Strength within the S&P 500 is broad and supportive of a bull market. Today’s report will show QQQ close to a new high and IWM struggling, but still bullish. Technology and Consumer Discretionary

ETF Trends, Patterns and Setups – Cyclical ETFs Lead with New Highs, Big Techs Perk Up, High-flyers Remain Subdued (Premium)

There are plenty of strong pockets in the stock market with several cyclically oriented ETFs hitting new highs and large-cap techs coming back to life. This month we are seeing new highs in ETFs related to industrials, materials, housing, semiconductors, transports and steel. We are also seeing some big moves in ETFs dominated by large-cap tech. The Consumer Discretionary SPDR hit a new high and I consider Amazon, its

Weekend Video – SPY Leads, QQQ Surges, Housing and Industrials Hit New High, HERO and COPX Break Out (Premium)

The S&P 500 hit a new all time high this week and large-cap techs perked up with QQQ surging. Small-caps are lagging, but IWM is not really bearish. The Composite Breadth Model remains firmly bullish with the short-term indicators for the S&P 500 outpacing those in the S&P 1500. Yield spreads narrowed further this week, while the Fed balance sheet contracted a little.

Timing Models – SPY Leads, QQQ Perks Up, SPX Leads Composite Breadth Model and Yield Spreads Narrow (Premium)

The S&P 500 SPDR hit a new high to affirm the bull market and three sectors confirmed this new high. The Consumer Staples SPDR, Materials SPDR and Industrials SPDR recorded new highs at some point this week. Even though the other big sectors did not hit new highs this week, they are in uptrends and within three percent of new highs. These include the Technology SPDR

ETF Trends, Patterns and Setups – Mixed Market with Strength in Cyclicals and Non-Cyclicals, Large Cap Techs Perk Up (Premium)

The market continues to be mixed and bullish. Techs and high-flying ETFs led the correction from the February highs to the March lows, but we are now seeing signs of short-term leadership in large-cap techs, namely QQQ and XLK. These two held well above their early March lows and broke out of flag patterns. Other tech-related ETFs and high-flyers are

Chart Poll: Line-Dot versus Bar Charts (Premium)

This post shows three chart layouts for consideration and there is a form at the end of this article where you can vote on your favorite. The idea is to settle on one that satisfies most of us. With last week’s Chart Strategy article, I switched to a chart layout with three charts covering three

ETF Trends, Patterns and Setups – Flag Failures, Risk Aversion, Defensive Sectors Shine, Big Advances lead to Big Corrections(Premium)

The market remains defensive overall. There were flag breakouts in a number of tech and growth ETFs last week and these breakouts are failing this week. Once again, the tech and growth ETFs are leading the way lower. Even though these ETFs are down sharply over the last six weeks, the declines still look like corrections within bigger uptrends. The mid March highs provide the first resistance levels to watch going forward.

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