Systematic Trading Strategies and Next Level Trading Setups
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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
The bullish evidence continues to build, but the long-term breadth indicators have yet to turn net bullish. SPY and QQQ showed signs of capitulation in early April and rebounded into mid April. A Zweig Breadth Thrust triggered on April 24th
SPY and QQQ crossed above their 200-day SMAs with big moves on Monday, and held above these long-term moving averages the entire week. The V-Reversal was extraordinary and SPY seems short-term overbought, but this cross above the 200 day SMA
SPY and QQQ hit their moment of truth in early May – and then powered through their March support breaks with gap-surges on Monday. These were the moves that reversed the long-term downtrends. Even though the long-term breadth indicators have
Stocks extended after the Zweig Breadth Thrust signals in late April with SPY and QQQ negating their March support breaks. Tech-related ETFs made sharp U-turns with leading moves over the last five weeks. Despite impressive gains, these ETFs are short-term
Stocks plunged in historic fashion with long-term breadth indicators reaching extremes in early April. Stocks then surged in historic fashion with a Zweig Breadth Thrust and steep advance. The plunge is like stretching a rubber band and the rebound is
The thrust continued on Monday with SPY surging 3.3% and the percentage of S&P 1500 stocks above their 50-day SMA hitting its highest level since December 2nd. The chart below shows an update for the S&P 1500 Zweig Breadth Thrust
Stocks plunged into early April and surged into early May, suggesting that a “V” reversal is in the making. There are two parts to the V reversal. First, there is the V, which is the plunge and the rebound. Second,
SPY and QQQ are in a short-term uptrend that include a Zweig Breadth Thrust on April 24th. Even though the long-term trends and breadth indicators remain bearish, this short-term uptrend remains in play as long as the wedges rise in
The weight of the evidence is mixed, at best for the stock market. Our long-term trend and breadth indicators are bearish, but we did get short-term thrust signals towards the end of April. These signals remain in play so we
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
The weight of the evidence is mixed, at best for the stock market. Our long-term trend and breadth indicators are bearish, but we did get short-term thrust signals towards the end of April. These signals remain in play so we
The market does not always follow the same script or sequence, but bear markets end with a bottoming process that often goes in stages. First, there is the capitulation phase, which suggests that selling pressure reached extremes and a bottom
Chartists can also use the 200-day SMA and the direction of the 200-day SMA to compare performance. ETFs trading above their rising 200-day SMAs are performing better than those trading below their falling 200-day SMAs. Overall, 23 of the 72
Today’s video starts with the long-term trend and breadth indicators to define the broad market environment. We then turn to the Zweig Breadth Thrust and show the key SPY levels to watch going forward. Stocks are all over the place
After hitting oversold extremes in early April, breadth indicators bounced the last few weeks with the percentage of S&P 500 stocks above their 200-day SMA hitting 36%. This also means that 66% are below their 200-day SMAs and in long-term
Stocks are all over the place in April with a breakdown at the beginning and a Zweig Breadth Thrust towards the end. April price action seems to dominate, but it was the March breakdowns that reversed the long-term uptrends. The