Complimentary Analysis

Complimentary

Mixed Performance Weighs on the MAG7 as the ETF Hits Moment of Truth

The Mag7 ETF is slightly lagging the broader market because of relative weakness in three components. Nevertheless, four components are showing strength and the ETF hit a moment of truth as it returned to the breakout zone. Today’s report will focus on performance for stocks in the Mag7, the Mag7 ETF chart and one of the leading components (Apple). $MAGS $AAPL

Read More »
Complimentary

Small-caps Lead – Breadth Improves as SPY Pulls Back – Industrials SPDR Sets Up

SPY pulled back in early June, but remains in bull market mode with improving breadth. The bull market is broadening with more stocks moving above their 200-day SMAs. This is especially true for small-caps, which were leading in March and continue to lead in June. Within the S&P 500, I am seeing a bullish setup in the Industrials SPDR. $SPY $IJR $SPXA200R $SMLA200R $XLK !GT200XLI

Read More »
Complimentary

Healthcare Looks Healthy Again with Breadth Surge and Breakout

Chartists looking for participation shifts can monitor the percentage of stocks above their 200 and 50 day EMAs. StockCharts tracks these indicators for the major indexes and the sector SPDRs. Today’s report will focus on big participation shift in sector breadth and chart analysis for the Healthcare SPDR. $XLV !GT200XLV !GT50XLV

Read More »
Complimentary

Breadth Deteriorates – Is this a Threat or an Opportunity?

Breadth indicators deteriorated from mid April to mid May, but this is more of an opportunity than a threat. First, SPY and S&P 500 breadth are bullish, which sets the bullish tone for the stocks. This means bullish outcomes are more likely than bearish outcomes. $SPY $RSP $SPXA50R

Read More »
Scroll to Top