Systematic Trading Strategies and Next Level Trading Setups
Current Reports & Videos
Market breadth is not very strong, but it is strong enough to support a bull market. At the very least, key breadth metrics are not net bearish. Today’s Chart Fix shows how to quantify signals using new highs, new lows
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
The Market Regime page defines the stock market environment: bull or bear market. Three breadth/trend models quantify performance for stocks in the S&P 500, Nasdaq 100 and S&P 1500. Yield spreads capture credit market conditions, while Treasury yield trends reflect
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
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.
Successful entries are rarely accidents. The best trades come from a repeatable process that starts with long term trend identification, a relative performance assessment and a robust chart setup. Use this three-step framework to filter names, focus on leaders, and
This page shows Trend Composite signals for stocks in the S&P 500. The Trend Composite aggregate trend signals in five trend-following indicators. Recent signals appear at the top of the table. Users can also sort by different columns and single
The stock market moved from offense to defense over the last few weeks. Speculative tech names led the market into October, but defensive names took over in November. Healthcare, consumer staples and gold are holding strong, while the ARK Innovation
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
The Market Regime page defines the stock market environment: bull or bear market. Three trend/breadth models quantify performance for stocks in the S&P 500, Nasdaq 100 and S&P 1500. Yield spreads capture credit market conditions, while Treasury yield trends reflect
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
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.
The market shows more signs of risk aversion with breakdowns in technology-related ETFs, strength in insurance and bonds, and a downtrend signal in Bitcoin. The Semiconductor ETF is holding up, but the Software ETF and ARK Innovation ETF are breaking
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
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 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
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
Stock market performance remains mixed with a high percentage of S&P 500 stocks trading below their 200-day SMAs. This number has yet to exceed 50%, but should be watched because the Consumer Discretionary and Technology sectors show deterioration. Despite a
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
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.