Stocks moved sharply higher last week with several ETFs breaking out of corrective patterns. In particular, there are several falling wedge breakouts so I will detail this pattern using XLI as an example. I will show the prerequisites (uptrend), the

After rising sharply from mid December to mid January, Treasury yields fell sharply on benign CPI numbers. The 10-yr Treasury Yield remains in a long-term uptrend with a breakout, but short-term yields are still trending lower and more reflective of

The long-term breadth indicators deteriorated in December, but did not fall enough to trigger bearish signals. The absence of bearish signals means the weight of the evidence is bullish for stocks. This also means the current weakness is considered a

The evidence still supports a bull market, but stocks are in the midst of a corrective phase. I am watching short-term breadth indicators for thrust signals that would signal an end to the correction. SPY and QQQ are holding up

Report with video. The weight of the evidence remains bullish, but there are some sizable pockets of weakness within the market. SPY and QQQ are holding up, but RSP and IWM have yet to recover since their December declines. We

Today’s report will show the deterioration in long-term breadth and the key levels to watch for short-term breadth. We will then review the breakout in the 10-yr Yield and breakdown in the Home Construction ETF. Attention then turns to the

Today’s video starts with the long-term breadth indicators to establish the market regime. Short-term breadth became oversold and remains oversold after a weak bounce. We will set the level needed for a bullish thrust. Large-caps and techs are leading, while

Today’s report starts with average stocks (equal-weight, mid-caps and small-caps). These groups fell rather sharply in December and gave back their November gains. They have fallen and cannot get back up. Many are trading near bullish setups zones, but remain

Some warning signs appeared in December, but the weight of the evidence remains bullish. We will start with the long-term breadth indicators and then show the oversold conditions in the short-term breadth indicators. SPY and QQQ are still in long-term

Today’s report will highlight the warning signs over the last few weeks and assess the evidence (bull or bear market). Corrections are normal, but what might a normal correction entail? We will review the long-term breadth indicators, yield spreads and

The 10-yr Treasury Yield surged before, and after, the Fed statement. While interest rates are not the only factor affecting stocks, they are the focus right now and we will cover the relationship. S&P 500 stocks are oversold after a

Today’s video starts with the deterioration in short-term breadth. Even so, long-term breadth remains net bullish and yield spreads narrow. We then address the surge in the 10-yr yields, weakness in small-caps and the break down in Home Construction ETF.

Today’s report starts with an overview of short-term break (weak) and long-term breadth (still bullish). QQQ is leading with a new high, but small-caps breadth is holding up as IJR forms a bullish wedge. We then look at the housing

Today’s report covers a leading stock in the Medical Devices ETF (IHI), which is the strongest group with the Healthcare sector. We then analyze NVDA as it consolidates above the October breakout and shows the SMH chart. Attention then turns

Today’s video starts with long-term breadth, yield spreads and the major index ETFs to define the broad market environment. We then focus on short-term weakness and the pullbacks in RSP, IWM and MDY. Some tech ETFs are very extended and