Chart Trader – Reports & Videos

Chart Trader – SPY and QQQ Hit Moment of truth, Retail and Banks Lead Lower, Breadth Wanes, Gold Perks Up (Premium)

It ain’t over until large-caps buckle. SPY and QQQ have yet to break short-term support. These two are holding the market up because we are seeing widespread weakness outside of a few large-caps. The S&P MidCap 400 SPDR and Russell 2000 ETF hit their lowest (closing) levels since late June. The Retail SPDR hit its lowest (closing

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Chart Trader – SPY and QQQ Affirm Supports, Breadth Indicators Lag, Three ETFs and Five Stock Setups (Premium)

SPY and QQQ fell back after their breakouts and bounced off broken resistance levels. These short-term bounces affirm supports and keep the short-term uptrends alive. It is important to monitor these two because the rest of the market looks rather shaky. Breadth is not keeping pace, September seasonality is here and mid-caps are lagging.

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Chart Trader – A Fragile/Split Market, Monitoring Breakouts, Stock Setups for Chemicals, Steel, Gaming and Healthcare (Premium)

The market looks fragile and is definitely split. Large-cap techs are leading, small-caps are lagging and mid-caps are caught in between. The long-term trends are up for SPY and QQQ as both hit new highs in July. The S&P MidCap 400 SPDR (MDY) and Russell 2000 ETF (IWM), in contrast, did not break their early February highs. They are largely range bound

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