ChartTrader – Nikkei Unwind – SPY/QQQ/MAGS Corrections – VIX – Symbols: NVDA, AVGO, GEHC, ABT (Premium)

This report starts a long-term look at the Nikkei, which started breaking down in July. US stocks rebounded after sharp declines on August 5th, but they have yet to fully recover and remain in short-term downtrends. We will look at the corrections in SPY, QQQ and MAGS.

ChartTrader – Nikkei Unwind – SPY/QQQ/MAGS Corrections – VIX – Symbols: NVDA, AVGO, GEHC, ABT (Premium) Read More »

ChartTrader – VIX and Yield Spreads Surge – Correlations on Rise – A Canary for SPY – TLT Holds Breakout (Premium)

Increasing uncertainty is causing the markets to reprice. SPY, QQQ and IWM hit new highs in July and were priced for the best of all worlds. We then got a shakeup in the presidential race, a weak jobs report and a route in the Nikkei. Markets do not like uncertainty and

ChartTrader – VIX and Yield Spreads Surge – Correlations on Rise – A Canary for SPY – TLT Holds Breakout (Premium) Read More »

ChartTrader – VIX Spike – NDX Breadth Deteriorates – Short-term Breadth Not Yet Oversold – SPY Downside Target (Premium)

Selling pressure broadened over the last three days with the broader market (S&P 500 stocks) joining tech-related stocks (Nasdaq 100 stocks) in the sell off. The long-term trends are still up for SPY and QQQ. In addition, the Composite Breadth Model and the SPX-NDX Breadth model remain

ChartTrader – VIX Spike – NDX Breadth Deteriorates – Short-term Breadth Not Yet Oversold – SPY Downside Target (Premium) Read More »

ChartTrader – SPY and QQQ Pop – Cybersecurity and Software Pullback – SOXX Surges – Symbols: CIBR, IGV, PANW, CPER, TLT, STLD (Premium)

This report starts with the short-term breakouts in SPY and QQQ. Battered semiconductor stocks led the surge and we will look at the Semiconductor ETF today. We also cover the Software and Cybersecurity ETFs, which represent

ChartTrader – SPY and QQQ Pop – Cybersecurity and Software Pullback – SOXX Surges – Symbols: CIBR, IGV, PANW, CPER, TLT, STLD (Premium) Read More »

ChartTrader – Bull Market – Not Yet Oversold – Mid and Small Breakouts – Corrections AI Stocks: NVDA, DELL, AVGO, QCOM, PSTG, MU (Premium)

This report starts with the long-term breadth indicators to confirm the bull market. Overall, S&P 500 stocks are stronger than Nasdaq 100 stocks. SPY and QQQ are in the midst of pullbacks and have yet to become oversold. Thus, they could have further to go before bouncing. We will then update the breakouts in

ChartTrader – Bull Market – Not Yet Oversold – Mid and Small Breakouts – Corrections AI Stocks: NVDA, DELL, AVGO, QCOM, PSTG, MU (Premium) Read More »

ChartTrader – Long-term QQQ – Seasonals for SPX – Defensive Groups Lead – Symbols: RSP, MDY, IWM, XLU, XLV, IHI, JNJ, JKHY (Premium)

This report starts with a long-term look at the QQQ chart and the seasonality pattern for the S&P 500. Earnings season is in full gear, but the reactions to these reports is decidedly negative. SPY is in

ChartTrader – Long-term QQQ – Seasonals for SPX – Defensive Groups Lead – Symbols: RSP, MDY, IWM, XLU, XLV, IHI, JNJ, JKHY (Premium) Read More »

ChartTrader – Plenty of Stocks Above 200-day – Next Support for XLK/MAGS – Symbols: XLI, XLF, XLY, XLV, IPAY, FINX, PAVE, ITB (Premium)

This report starts with the long-term breadth indicators to confirm the bull market. Overall, S&P 500 stocks are stronger than Nasdaq 100 stocks. Our short-term breadth indicators are also bullish. QQQ is in the midst of a pullback and has yet to become

ChartTrader – Plenty of Stocks Above 200-day – Next Support for XLK/MAGS – Symbols: XLI, XLF, XLY, XLV, IPAY, FINX, PAVE, ITB (Premium) Read More »

ChartTrader – Perspective on Small-cap Breadth Surge, MAGS/XLK Go the Other Way – Symbols: KRE, FINX, IPAY and 12 Stocks (Premium)

This report starts with the big breadth surge in small-caps. We put this surge into perspective and show what it means going forward. The surge in small-caps, however, was offset with outsized declines in large-cap tech stocks. We will show charts for MAGS and XLK

ChartTrader – Perspective on Small-cap Breadth Surge, MAGS/XLK Go the Other Way – Symbols: KRE, FINX, IPAY and 12 Stocks (Premium) Read More »

ChartTrader – Long and Short Term Breadth Bullish – Smalls and Mids Break Out – Symbols: RSP, MDY, IWM, VMC, HD, CMI, FAST, CIBR, PANW, SQ (Premium)

Today’s report starts with breadth using the %Above 200-day and 26-week Hi-Lo% indicators. We then confirm the short-term uptrend with 4-wk Hi-Lo%. Attention then turns to breakouts in equal-weights, mids and smalls. We also feature several non-tech stocks breaking out and reversing their downswings.

ChartTrader – Long and Short Term Breadth Bullish – Smalls and Mids Break Out – Symbols: RSP, MDY, IWM, VMC, HD, CMI, FAST, CIBR, PANW, SQ (Premium) Read More »

ChartTrader – MAGS Leads with New High – Range Narrows for RSP – Symbols: MDY, SOXX, CIBR, GE, AXON, FI, ZBRA, SAP (Premium)

It is a bull market for large-caps and large-cap techs. The S&P 500 Equal-weight ETF is in a long-term uptrend, but is lagging because it peaked in March. Even though I am seeing less participation in this bull market, I am not seeing serious weakness.

ChartTrader – MAGS Leads with New High – Range Narrows for RSP – Symbols: MDY, SOXX, CIBR, GE, AXON, FI, ZBRA, SAP (Premium) Read More »

ChartTrader – Long/Short Trends Intact – AI Gets Hit – Symbols: NVDA, AVGO, DELL, SMCI, IBIT, COIN, BBH, IBB, XBI, XLV, DDOG, LMT, CI, FANG (Premium)

Today’s report covers the bull market indicators, short-term market indicators, the big moves in Nvidia, Broadcom, Dell and Super Microcomputer, the biotech Surge helping Healthcare and two Bitcoin related names. Stocks: DataDog, Lockheed Martin, Cigna and Diamondback Energy.

ChartTrader – Long/Short Trends Intact – AI Gets Hit – Symbols: NVDA, AVGO, DELL, SMCI, IBIT, COIN, BBH, IBB, XBI, XLV, DDOG, LMT, CI, FANG (Premium) Read More »

ChartTrader – Yields Fall – Housing Firms – 2 Data Center Stocks – Symbols: $TNX, ITB, LEN, TOL, KBH, PHM, SMCI, DELL (Premium)

The weight of the evidence is bullish for large-caps and large-cap techs. SPY represents large-caps and QQQ represents large-cap tech stocks. Even though there are 1000s of “other” stocks out there, these stocks represent the 800 pound

ChartTrader – Yields Fall – Housing Firms – 2 Data Center Stocks – Symbols: $TNX, ITB, LEN, TOL, KBH, PHM, SMCI, DELL (Premium) Read More »

ChartTrader – QQQ/MAGS Lead – RSP Lags – TLT Battles Breakout – Symbols: IBIT, COIN, BLOK, TTD, AMD, EW  (Premium)

The Fed and CPI are in the past and large-cap techs continue to lead the market highs. SPY, QQQ, MAGS, the Technology SPDR, the Communication Services SPDR and the Semiconductor ETF (SOXX) hit 52-week highs to lead the

ChartTrader – QQQ/MAGS Lead – RSP Lags – TLT Battles Breakout – Symbols: IBIT, COIN, BLOK, TTD, AMD, EW  (Premium) Read More »

ChartTrader – Bull Market – Short-term Mixed – MDY Stalls – Symbols: XLV, MRK, TMO, CIBR, CHKP, CYBR, PANW (Premium)

The weight of the evidence is bullish for the long-term, but the short-term evidence is a bit mixed. SPX 4wk HiLo% plunged below -30% on May 29th, but NDX 4wk HiLo% did not confirm this signal. Thus, the combo remains net bullish

ChartTrader – Bull Market – Short-term Mixed – MDY Stalls – Symbols: XLV, MRK, TMO, CIBR, CHKP, CYBR, PANW (Premium) Read More »

ChartTrader – Large-cap Techs Lead, Chinese Names Correct, Symbols: RSP, IWM, BOTZ, MEDP, PLTR, FXI, BABA, JD (Premium)

SPY and QQQ surged to new highs on Wednesday and continue to lead the market. Note that SPY and QQQ were the only major index ETFs to hit new highs this week. The S&P SmallCap 600 SPDR (IJR) tagged a new high in May, but RSP, MDY and IWM

ChartTrader – Large-cap Techs Lead, Chinese Names Correct, Symbols: RSP, IWM, BOTZ, MEDP, PLTR, FXI, BABA, JD (Premium) Read More »

ChartTrader – Breadth Turns Mixed – Bearish Engulfings – Symbols: TLT, IJR, SOXX, IBIT, BLOK, XBI, $WTIC, BRK.B, BKNG (Premium)

The weight of the evidence is bullish for the long-term, but the short-term evidence is turning quite mixed. SPX 4wk High-Low Percent plunged below -30% last week and fewer than 50% of Nasdaq 100 stocks are above their 50-day SMA. Software stocks

ChartTrader – Breadth Turns Mixed – Bearish Engulfings – Symbols: TLT, IJR, SOXX, IBIT, BLOK, XBI, $WTIC, BRK.B, BKNG (Premium) Read More »

ChartTrader – Short-term Breadth Indicators Deteriorate – Symbols: TLT, $TNX, FINX, CIBR, IGV, XLK, MAGS, SOXX (Premium)

The long-term indicators are still bullish, but I am seeing short-term deterioration under the surface. This is especially pronounced outside of large-cap tech (XLK, QQQ, MAGS, SOXX). SPY and QQQ are up over the last two months

ChartTrader – Short-term Breadth Indicators Deteriorate – Symbols: TLT, $TNX, FINX, CIBR, IGV, XLK, MAGS, SOXX (Premium) Read More »

ChartTrader – Weighing the Evidence – Two Sector Stand Out – Symbols: XLK, XLU, TTD, IBIT, BLOK, BLCN, COIN, MARA (Premium)

The weight of the evidence remains bullish for stocks. SPY and QQQ hit new highs and continue to lead the market. The S&P 500 EW ETF (RSP) and Russell 2000 ETF (IWM) did not exceed their spring highs and continue to lag. Large-caps and large-cap techs are

ChartTrader – Weighing the Evidence – Two Sector Stand Out – Symbols: XLK, XLU, TTD, IBIT, BLOK, BLCN, COIN, MARA (Premium) Read More »

ChartTrader – AI Trade Revs Up – Discretionary Lags – Housing Fades – Symbols: TLT, $TNX, RSPD, ITB, NOC, VRSN  (Premium)

Nvidia (NVDA) released blowout results yet again and surged some 6.5% higher in after hours trading. This move is stoking the large-cap tech and AI trade. AMD (chips), HPE (data center), DELL (data center) and TSM (chip manufacturing) are all

ChartTrader – AI Trade Revs Up – Discretionary Lags – Housing Fades – Symbols: TLT, $TNX, RSPD, ITB, NOC, VRSN  (Premium) Read More »

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