Systematic Trading Strategies and Next Level Trading Setups
Chart Trader – Reports & Videos
Tech-related ETFs are leading in June as several broke out of pennants and extended higher. Today’s report will update these breakouts and their trailing stops. Despite continued strength in tech, I am seeing short-term underperformance emerge in mid-caps, finance, banks
Three sectors stand out, with one sporting a recent breakout that argues for higher prices. Today’s report will highlight three criteria to define a leading uptrend. First, price should be above the rising 200-day SMA. Second, the price-relative should be
Non-equity ETFs continue to perform well and feature in the top twenty. These include commodity, bond and crypto ETFs. This list expands when we include equity ETFs related to commodities, such as the Gold Miners ETF (GDX). GDX is part
SPY and QQQ continued to lead the broader market higher, but MDY and IJR caught a bid with pennant breakouts this week. In fact, there are lots of pennant breakouts, especially in leading tech-related ETFs. We will cover these breakouts
QQQ and Nasdaq 100 stocks continue to lead the market since the April low. QQQ extended higher and crossed the upper Bollinger Band on Wednesday for an uptrend signal. A breadth indicator also flipped bullish, which means the Nasdaq 100
SPY and QQQ continue to lead the market with leading breakouts in mid May. Small-caps surged over the last five days, but the S&P SmallCap 600 SPDR (IJR) remains below its falling 200-day SMA. IJR is also showing relative weakness.
QQQ and tech ETFs are leading the surge off the April low, but there is another group leading year-to-date. Year-to-date performance is important because it includes two big events: the stock market decline from mid February to early April and
Despite the stock market surge from early April to early June, only a handful of stock ETFs are outperforming alternative asset ETFs. Commodity and crypto related ETFs account for twelve of the twenty year-to-date leaders in the all-weather ETF list,
The broader market remains mixed with fewer than 50% of S&P 1500 stocks in long-term uptrends. Strength is concentrated in large-caps and large-cap tech stocks (Nasdaq 100). Several tech ETFs formed flag/pennant patterns the last two weeks and broke out.
There is no change for the broad market environment, which is mixed, at best, and still bearish at worst. The weight of the evidence turns bearish in mid March and this signal has yet to be reversed. Keep in mind
Even though small-caps and mid-caps are dragging their feet, Nasdaq 100 stocks are leading with the highest percentage above their 200-day SMAs. This is a positive sign for large-cap stocks and stocks in the Technology sector. In addition, SPY and
Today’s report covers commodity ETFs and the Bitcoin ETF (IBIT), simply because they are leading in 2025. Year-to-date, nine of the top ten performing ETFs are commodity or crypto related. My focus list has 74 ETFs covering equities, commodities, bonds
SPY, QQQ and XLK are leading the surge as their gap-breakouts hold. The broader market, however, remains mixed as small-caps and mid-caps lag. New highs are starting to appear with cybersecurity, defense and telecom leading the way. We are also
The broad market environment is mixed, at best, and still bearish at worst. Keep in mind that SPY and QQQ are part of the broad market environment, but they are large-cap driven ETFs that do not always reflect conditions under
Here we go again. Negative tariff news on Friday weighed on stocks, and positive tariff news lifted stocks on Monday-Tuesday. Last week’s drop and today’s pop do not change the situation in the markets. SPY and QQQ broke out with
The bullish signals stacked up in April and May, but most long-term breadth indicators are still bearish. SPY and QQQ showed signs of capitulation in early April and rebounded into mid April. A Zweig Breadth Thrust triggered on April 24th
PGM stands for the platinum group of metals, which includes ruthenium, rhodium, palladium, osmium, iridium and platinum. These metals have similar properties and are usually found together when mining. Palladium is a key metal for catalytic converters, and is also
Stocks were hit as SPY fell 1.69%, its largest 1-day decline since April 21st, which was just before the Zweig Breadth Thrust. We do not need to look far for the reasons. First, stocks were short-term overbought after the surge
Stocks started improving with the Zweig Breadth Thrust on April 24th and continued with a bullish 5/200 cross. Despite a strong advance, breadth has yet to expand to levels that signal a bull market. SPY and QQQ are holding their
It seems as if there are conflicting signals in the stock market. The Zweig Breadth Thrust triggered bullish on April 24th and the 5/200 Filter Cross triggered bullish on May 15th, but the long-term trend and breadth indicators remain decidedly