Systematic Trading Strategies and Next Level Trading Setups
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Despite deteriorating breadth in March and a bearish trend signal for SPY, the weight of the evidence is still bullish for stocks. These breadth models are designed to identify bull and bear markets. In bull markets, they are also designed to absorb corrections.
As noted in Tuesday’s report, we are seeing strength in semiconductors, materials, healthcare and infrastructure. Today’s report features stocks from these groups. $ADI $MCHP $BLL $DY $LLY
Stocks fell short of a Zweig Breadth Thrust with the oversold bounce as it hits a moment of truth. Will the market continue to channel March 2025? $SPY $QQQ $WTIC $XLV $XLB $XLI $XLP $ITA $PBWE $IFRA $GRID $IBB $XBI