Video, ChartBook Update and Chart Notes

There were several new highs, and even a few all time highs, this week as stocks extended their October run into early November. This post features some ETF chart notes, an update to the ETF ChartBook and a video covering all 60 core ETFs.  

ChartBook contains ranking tables and 60 annotated charts with comments

ETF Chart Notes

New highs this week: SPY, RSP, QQQ, XLK, XLF, XLI, SOXX, ITB, XHB, EFA.

The S&P 500 Momentum ETF (MTUM) is up 1.21% the last 20 days, while the S&P 500 Minimum Volatility ETF (USMV) is down a fraction (-.08).

RSI(10) for the Russell 2000 ETF (IWM) moved above 70 for the first time since early March.

The Consumer Discretionary SPDR (XLY) has yet to hit a new high, but the short-term breakout is holding. Watch AMZN.

The Communication Services SPDR (XLC) is lagging, but a bull flag is working within the consolidation. FB and GOOGL look strong.

Staples, Utilities and REITs lagged over the last 20 days as all three consolidated.

The Cloud Computing ETF (SKYY) broke above its mid September high.

The Cyber Security ETF (HACK) broke out with a big move this week. 

The Mobile Payments ETF (IPAY) held its rising 200-day in October and broke resistance on Friday.

The Oil & Gas Exploration & Production ETF (XES) and Oil & Gas Equipment & Services ETF (XES) are firming near their August lows for a high-risk bottom pick.

The Gold Miners ETF (GDX) broke out of the falling wedge and the Gold SPDR (GLD) broke the falling flag.

The Preferred Stock ETF (PFF) was hit this week and is flat the last 20 days as money moves into the risk-on names.

Enjoy your weekend!

-Arthur Hill, CMT
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