SystemTrader – Changes to Signal Page Updates

There is no change in the overall market condition. Large-caps and large-cap techs continue to lead the market. SPY, QQQ, MAGS, the Technology SPDR and the Semiconductor ETF (SOXX) hit fresh

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

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

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

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

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

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

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

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

Stocks remain strong with strength broadening. Even so, the old leaders are still the current leaders. The S&P 500 SPDR, Nasdaq 100 ETF and Technology SPDR hit new highs over the last few days. Large-caps and large-cap tech continue to

We are seeing a bullish setup in an ETF related to Bitcoin. As with IBIT, the long-term trend is up and a corrected unfold over the last few months. The pattern and retracement amount make this a classic correction. More importantly,

Stocks reacted positively to the CPI report and surged as Treasury yields fell, and TLT continued its May bounce. SPY and QQQ hit new highs on Wednesday. Also note that QQQ is leading the way since the mid April lows with a 9.22% advance

SPY and QQQ remain at make or break levels and this week is key. Another push higher would likely show a short-term expansion in upside participation and add some legs to the current bounce. Failure to push higher at this stage could mark a short or intermediate top. There are two inflation-related

There is no change in the broader market situation. Short-term, SPY and QQQ are at their make or break levels for this oversold bounce. Why? Because the short-term breadth indicators have yet to show enough upside participation

SPY and QQQ are at their moment of truth for the current bounce. Stocks surged the last three days with SPY gaining 3.24% and QQQ advancing 4.44%. The current bounce started after oversold conditions in mid April. Over the last 11 days

The Fed has come and gone, but earnings season remains in full swing and SPY is in corrective mode. This is not an ideal time for stock setups and signals. Volatility is above average and I prefer to avoid setups in stocks with upcoming earnings reports. As such, today’s report focuses on ETFs

Volatility is on the rise as we saw outsized declines into mid April and breaks below the 50-day SMAs for SPY and QQQ. Both rebounded the last six days and they are approaching the underside of their 50-day SMAs, which may turn into resistance. Overall, the long-term evidence remains bullish for stocks, but the short-term evidence

Some 75% of stocks in the S&P 500 and Nasdaq 100 report earnings in the next three weeks. Ugh! META reported last night and the stock fell around 13% in after hours trading. Microsoft (MSFT) and Alphabet (GOOGL) report after the close today. AMZN reports on April 30th, Apple

Stocks were hit with strong selling pressure in April, but the weight of the evidence remains bullish. This means the decline is viewed as a correction within a bigger uptrend. Most stock-based ETFs and stocks will remain under pressure as long as SPY and QQQ are in corrective mode. I am marking

Stocks were hit with strong selling pressure here in April. This selling pressure triggered outsized declines and bearish breadth thrusts. The uptrend, which began with the November breakout, has been derailed. Even so, the longer term indicators are still bullish and this is considered