Systematic Trading Strategies and Next Level Trading Setups
This report features stock setups covering Viking Therapeutics (VKTX), First Solar (FSLR), ON Semi (ON), AES Corp (AES) and United Rentals (URI)
Viking (VKTX), First Solar (FSLR), ON Semi (ON), AES (AES), United Rentals (URI) Read More »
The weight of the evidence is bullish for stocks. SPY is trading less than 1.5% below its 52-week high and well above the rising 200-day SMA. This means there is a long-term uptrend in the most important benchmark for US stocks. Within the S&P 500, 63% of component
Monitoring Breakouts in Tech – Utes Set Up – Housing Holds Breakout – Banks/Retail Lead Read More »
Stocks are performing great since August, but metals related ETFs are performing even better. Bonds are lagging with a breakdown in TLT. Today’s report covers GLD, SLV, GDX, SIL, SRUUF, URA, CPER, DBA, IEF, TLT, IBIT
Silver Leads Surge in Metals-Related ETFs – Uranium Holds Breakout – Bonds Break Down Read More »
Today report covers stocks from the MAG7, networking industry, industrials sector and healthcare sector. Names featured: Amazon (AMZN), Arista Networks (ANET), Johnson Controls (JCI), Tempus AI (TEM), AbbVie (ABBV)
Amazon AMZN, Arista ANET, Johnson Controls JCI, Tempus AI TEM & AbbVie ABBV Read More »
The stock market remains quite mixed, but the pockets of strength are still larger than the pockets of weakness. Some 60% of S&P 500 stocks are above their 200-day SMAs, but this means 40% are below, and in long-term downtrends. There is a large pocket of
Tech ETFs Hold Flag Breakouts – Follow Up on Housing, Banks and Retail Read More »
Today’s report covers Gold, Silver, Gold/Silver Miners, Copper, Based Metals, Uranium, Bonds, Bitcoin and the Aerospace & Defense ETF, which has a bullish setup working. The chart below shows the precious metals complex leading since August. In fact, all ETFs on
Gold/Silver Extend on Breakouts – Uranium Sets Up – Aero-Defense ETF Oversold Read More »
Autodesk (ADSK) provides software and services for product development and manufacturing to the industrials sector. It has been a choppy ride since July, but the overall uptrend remains intact, and
Autodesk ADSK, Quanta PWR, Freeport McMoRan FCX, Norfolk NSC and CSX Read More »
The weight of the evidence remains bullish for stocks, despite sizable pockets of weakness within the stock market. SPY is above its rising 200-day SMA and held its October low (650). The most important benchmark for US stocks remains strong. SPX %Above 200-day SMA bounced off the 50% level and is currently at 60%. The cup
Asset class performance since August is quite telling. Precious metals related ETFs are leading the charge with the Gold Miners ETF (GDX) up some 46%. Copper (CPER), Base Metals (DBB) and Uranium (SRUUF) are in the middle of the pack with double digit gains. Stocks are at the low end with
Copper Consolidates as DBB becomes Oversold – Bond and Uranium ETFs Set Up Read More »
I like to see three timeframes when looking for trading setups. Today’s charts show a daily candlestick chart in the top window with the 200-day SMA, %B (20,2) and the price-relative (symbol/RSP ratio). %B is used to find oversold conditions within an uptrend, while the price-relative measures relative performance.
Three Bullish Setups: Semiconductor, Cybersecurity and Gaming Software Read More »
Cracks are appearing in the technology sector and Nasdaq 100. This is an important development because these two were responsible for most of the gains within the S&P 500. Housing, regional banks and consumer discretionary were already leading lower.
Tech Weakness Expands – Bearish Momentum Thrusts – Healthcare and Utes Hold Up Read More »
Precious metals continue to lead the pack with the Silver ETF (SLV) sporting the biggest gain over the last three months (+40%). Industrial metals are also outperforming stocks with the Copper ETF (CPER) and DB Base Metals ETF (DBB) up over 10%. QQQ is up a measly 7%. Even bonds are up with TLT gaining 3.65% and
Nucor (NUE) is steel stock that is part of the Materials SPDR (XLB) and Metals & Mining SPDR (XME). XLB is a lagging sector because of the chemical industry, but XME is a leading group with a 65% year-to-date gain. The DJ US Steel Index ($DJUSST) is also leading with a 24.6% gain this year.
Nucor NUE, Danaher DHR, Pfizer PFE, Northrop Grumman NOC, Norfolk Southern NSC and AES Read More »
The weight of the evidence remains bullish for stocks, but there are large pockets of weakness within the market. 56.6% of S&P 500 stocks are above their 200-day SMAs, which means 43.4% are below and in long-term downtrends. Even though this is a rather large swath of the market, the cup
Some Warning Signs, but Tech ETFs Still Leading – As are Utes, Industrials, Healthcare Read More »
Stocks and ETFs can become overbought and remain overbought during strong uptrends. We see this play out in QQQ as it moved above the upper Bollinger Band (200,2) several times and continued higher. Bollinger Bands (200,2) are two standard
QQQ and SPY Trigger Bearish Momentum Signals Read More »
There are some interesting developments in the alternative ETF universe. Gold, silver and their respective miners corrected within leading uptrends. This means they are setting up bullish. Bonds got clobbered the last six days, but TLT is also setting up bullish as it tests the prior breakout. The Bitcoin ETF hit a six month low to become
Gold, Silver and Bond ETFs Set Up – Meme ETF, Bitcoin and QQQ Correlation Read More »
The weight of the evidence remains bullish for stocks, but there are some sizable pockets of weakness with some 45% of S&P 500 components trading below their 200-day SMAs. This makes it a challenging environment for stock picking.
Stocks – CSX, GILD, HEI, XLP, COST, ETR & XEL Read More »
While the weight of the evidence has yet to turn bearish, the market is becoming more split as the pockets of weakness expand. 54.80% of S&P 500 stocks are above their 200-day SMAs, which is the lowest percentage since June. This also
Watching QQQ and MAGS for Clues – 6 Tech Leaders and 6 Laggards – XLU Corrects Read More »
QQQ is looking overbought because it closed above the upper Bollinger Band (200,2) twice this week. As noted in Part 1, stocks and ETFs can become overbought and remain overbought in strong uptrends. This is why we need a momentum indicator to signal a bearish shift. This report will first show how to use StochRSI for momentum shifts and then identify the key levels for Nasdaq 100 breadth.
Bearish Shifts after Becoming Overbought (QQQ) – Key Levels for NDX Breadth (Part 2) Read More »
Gold, silver and their respective miners show the same chart characteristics: long-term uptrends, explosive moves from late August to mid October, sharp corrections the last eight days and short-term oversold conditions. We will start with the Gold SPDR (GLD) chart because gold is
Gold Oversold – Base Metals Lead – Uranium Breakout – Bonds Fall, but Still in Uptrend Read More »
