Systematic Trading Strategies and Next Level Trading Setups
The weight of the evidence remains bullish for stocks. Breadth improved from May 15th to 28th, but slipped over the past week. This is not a major slip, but shows the split in the broader market. The pockets of strength are still bigger than the pockets of weakness, but this is not a bull market that lifts all boats. It is a selective bull market.
Today’s report starts with the oil patch as Baker Hughes returns to the breakout zone. We then feature two stocks from the industrials sector. Trane Technologies pulled back to a Bullish Setup Zone and Johnson Controls broke out of a falling wedge. We end with a utility stock (PG&E) that is firming at its rising 200-day SMA. $BKR $TT $JCI $PCG
Baker Hughes, Trane Technologies, Johnson Controls and PG&E Read More »
Today’s report starts with our weight-of-the-evidence charts, and the evidence is bullish. We project a path forward for $SPY and $QQQ, and highlight the breakouts in $RSP, $IJH and $IJR (equal-weights, mid-caps and small-caps). Attention then turns to setup consolidations in Industrials ($XLI), Communication Services ($XLC) and Finance ($XLF). We also feature breakouts in the Aerospace & Defense ETF ($ITA) and Broker Dealer & Exchanges ETF ($IAI).
May is proving to be a volatile month for the asset class ETFs. There were big price swings in bonds, oil, copper, and agriculture. Headlines drive short-term swings, but the bigger trends remain intact. Bonds are trending lower, oil is holding its breakout, copper remains in an uptrend and agriculture is setting up with a bullish pullback. $IEF $TLT $USL $GLD $CPER $DBB $SRUUF $COPX $URA $DBA $IBIT
Gold Extends Correction – Copper & Uranium Miners Bounce off Support – Ag Oversold Read More »
Today’s report features three stocks from the industrials sector: Fastenal, PACCAR and Norfolk Southern. We also cover a biotech breakout (Illumina) and a diversified utility with a bullish triangle (Evergy). $FAST $NSC $PCAR $ILMN $EVRG
Fastenal, Norfolk Southern, PACCAR, Illumina and Evergy Read More »
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
Industrials Hold as Defense Sets Up – Healthcare Follows Through as Biotech Sets Up Read More »
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
MidCap and SmallCap ETFs Get Short-term Breakouts as Breadth Sets Up Bullish Read More »
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
Gold Corrects within Uptrend – Copper Miners and Uranium ETFs Tests Support Read More »
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 $ITA
Software Breakout – Microsoft Setup – Energy Resumes Lead – AeroDefense Setup Read More »
Bonds are trending lower and commodities highs. Oil is holding its breakout, gold and silver turned up last week and copper surged to a new high. There are setups working in Palladium ($PALL) and Uranium ($SRUUF). $IEF $TLT $USL, $GLD $SLV $GDX $SIL $CPER $DBB $DBA $IBIT
Oil Holds Breakout – Silver Leads Gold – Palladium/Uranium Set Up – Copper Surges Read More »
Today’s report features four stocks from strong groups: Materials, Industrials, Technology and Biotech. These include Linde plc ($LIN), Gilead Sciences ($GILD), Teledyne Technologies ($TDY) and Textron ($TXT)
Linde Breaks Out, Gilead hits Bullish Zone, Teledyne Oversold, Textron Holds Breakout Read More »
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
Lopsided Market – Semis Hit Extreme – Industrials and Materials Hold Breakouts Read More »
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
Bonds Trend Lower – Precious Metals Set Up – Uranium Forms Bullish Pattern Read More »
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
A Materials Leader, A Biotech Breakout and a Solar Stock with a Momentum Thrust Read More »
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
AI Complex and Energy Lead as Consumer Discretionary, Housing and Retail Lag Read More »
This is a follow-up report on the PPO-Aroon strategy. We are featuring two ETFs with bullish Aroon signals this past week and three with bullish setups. All five are in long-term uptrends and they recently corrected within these uptrends…
$XLU $XLP $SDY $ITA $GLD
Aroon Setups and Signals for 5 ETFs, Include a Commodity ETF Read More »
Inflationary pressures remain as the Agriculture and Oil ETFs hit new highs. Bonds, which broke down in March, reversed their short-term upswings with sharp declines the last few days. $IEF $TLT $USL $GLD $GDX $SLV $CPER $DBB $SRUUF $DBA $IBIT
Bonds Extend Downtrends – Oil and Ag Hit New Highs – Gold Oversold in Uptrend Read More »
The defensive sectors underperformed in April as money piled into the technology sector. Tech is leading the market, but Healthcare and Staples are … Tickers: $XLP $XLV $ITA $KMI $NOC $LMT $RTX
Two Defensive Sectors – An MLP Stock and 3 Oversold Aerospace/Defense Stocks Read More »
Evidence remains bullish, but oil and interest rates weigh on parts of the market. AI complex leads, breakouts in cloud and cybersecurity. $SPY $QQQ $IWM $IJH $XLK $XLI $XLB $XLE $XLU $AIQ $ARTY $SMH $SOXX $SIXG $IYZ $IDGT $DTCR $TAN $CIBR $SKYY
Energy SPDR Breaks Out, SPY/QQQ become Overbought, Five Sector Leaders Read More »
