Charles Dow identified three market trends. First, the primary trend is the major trend at work. This is the long-term trend. As noted in the Market Regime report, the weight of the evidence is bearish and this applies to the

Short-term, the stock market became oversold in mid March and ripe for a bounce. Longer term, however, the weight of the evidence is bearish and the major index ETFs are in downtrends (SPY, QQQ, RSP). This means we are looking

Today’s report covers the commodity, bond and Bitcoin ETFs. Gold continues to lead the markets as it trades near all time highs. Copper is next in line as it goes parabolic and nears overbought levels. Bonds are confused with the

The major index ETFs broke down in March, became oversold and got oversold bounces. Long-term trend reversals remain for SPY, QQQ and XLK. This means the recent bounces are counter-trend moves within bigger downtrends. ETFs related to housing, retail and

This is an update for the Zweig Breadth Thrust (ZBT) indicators, which were featured on March 21st. The S&P 500 and S&P 1500 Zweig Breadth Thrust indicators became oversold with moves below -20% on March 13th. The black arrows on

Stocks broke down with deep declines into mid March (11-13). These deep declines led to short-term oversold conditions, which primed the pump for the current bounce. At this point, I consider this an oversold bounce, as opposed to a bullish

Today’s report covers the commodity, bond and Bitcoin ETFs. Gold continues to lead the markets with strength transferring to the Gold Miners. The only concern is the overbought condition, which is fast approaching. Copper surged to a new high and

Stocks are in the midst of an oversold bounce, but the weight of the evidence remains bearish for the stock market. This means the pickings are slim when it comes to equity ETFs. Today’s report focuses on equity ETFs that

This market regime report weighs the evidence to determine the state of the stock market. Are we in a bull market or bear market? We start with the long-term trends for three major index ETFs (SPY,QQQ,RSP). Attention then turns to

Stocks are in the midst of an oversold bounce, but the weight of the evidence remains bearish for the stock market. This means the pickings are slim when it comes to equity ETFs. Today’s report focuses on equity ETFs that

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Today’s report will cover the commodity, bond and Bitcoin ETFs that were featured in yesterday’s video. Precious metals are leading the commodity complex and this strength is transferring to the gold and silver miners ETFs. Industrial metals ETFs are not

We have two videos on this page. First, there is a comprehensive video covering index, sector and industry group ETFs (equity ETFs). SPY and QQQ broke down, a couple sectors are holding up and a handful of industry group ETFs

Stocks were broadsided the last three weeks with almost all equity ETFs losing ground. High-beta names are leading lower with the ARK ETFs (ARKK, ARKF, ARKG) down over 25%. Tech-related ETFs are right behind with declines ranging from 11.43% for

There are five new setups today and some updates to prior setups. We start with three stocks from the defense industry because the Aerospace & Defense ETF (ITA) is one of the leading industry group ETFs. I am also featuring

There are sizable and concerning pockets of weakness within the stock market, but SPY and QQQ are still in uptrends and testing key levels. The EW S&P 500 ETF, Technology SPDR and Industrials SPDR joined the breakdown list, along with