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StockMarketTV – Breadth Expands – Tech ETFs Correct – 3 Stock Setups

StockMarketTV – Breadth Expands – Tech ETFs Correct – 3 Stock Setups

These are the charts from the StockMarketTV show on Tuesday, August 26th [1]. Analysis starts with the long-term trends and support levels for SPY and QQQ. Upside participation expanded last week as the percentage of stocks above the 200-day surged. New highs are the next item to watch. Breadth improved as new leaders emerged and tech ETFs corrective. Watch XLK, SMH and MAGS for clues on the correction. There are also three stock setups.

Here is the video recording.  [1]

Recent Reports and Videos for Premium Members

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Trend and Support for SPY

Trend and Support for QQQ

Percent above 200-day Expands

Watch High-Low Percent Next

Watch August Lows for XLK, MAGS and SMH

Three Tech ETFs with Short-term Corrections

Three Stocks with Trade Setups

Recent Reports and Videos for Premium Members

  • Bullish Setups in Cloud, Software and 3 other Tech ETFs
  • A Bullish Breakout in an Aerospace Stock
  • Housing ETFs and Home Depot Test 200-day SMAs
  • 3-month Yield Points to Dovish Fed (Market Regime)
  • Bond ETFs Extend on Breakouts, but Still Lag Stocks
  • Click here to take a trial and gain full access. [2]