This post features chart notes on recent developments in our core ETF list, an update to the ETF ChartBook and a video covering all 60 core ETFs. Today’s video also shows what to watch for the short-term uptrend and covers oil.
The S&P 500 SPDR was never in trouble this year and the Russell 2000 ETF was never up less than 8% year-to-date. Small-caps surged out of the gate with IWM gaining around 17% the first two months of the year. This amalgamation of 2000 stocks then embarked on a long consolidation with a slight downward bias the next six months.
The bull market continues to broaden as more money moves into offensive ETFs than defensive ETFs. Momentum is outperforming Minimum Volatility ETF over the last six weeks. The S&P 500 SPDR and Nasdaq 100 ETF hit new highs while the Gold SPDR and 20+ Yr Treasury Bond ETF fell further.
This post features chart notes on recent developments in our core ETF list, an update to the ETF ChartBook and a video covering all 60 core ETFs. Note that the video also covers some of the key charts from Friday’s commentary.
The recent breakouts and new highs in several key index, sector and industry group ETFs are bullish for the broader market. Now that we have the “all clear” for stocks, perhaps we should prepare for a pullback.
We have seen a pronounced shift over the last few weeks. ETFs that were lagging and in downtrends are breaking out and starting to lead, while ETFs that were leading a few months ago are correcting and lagging. Add ETFs that where already strong and leading to the mix, and we have the recipe for a broadening bull market in stocks.
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.
Something must be right in the global equity markets because we are seeing new highs in a number of key country indexes. The S&P 500 and Nasdaq 100
Even though stock-related ETFs are dominating here in October with big moves and new highs in several key groups, the precious metals and bond ETFs
The S&P 500 SPDR (SPY) has gone nowhere since July, and that’s ok. Consolidations, corrections and pullbacks are all part of the process when it comes to uptrends. As the chart below shows, SPY is knocking on the prior highs and very close to a breakout.
Strength is broadening among the industry group and sector ETFs. In particular, several ETFs that were classified as trending lower and lagging have been upgraded to emerging leaders. I do not mean “Emerging” markets
Stocks have been mixed since summer with the major index ETFs trading in ranges the last three months. The S&P 500 SPDR and Nasdaq 100 ETF hit new highs before embarking on their trading ranges, while the S&P MidCap 400 SPDR and Russell 2000 ETF
The stock market took on a more offensive tone over the past week with some of the beaten down groups outperforming. In addition, some of the defensive leaders underperformed and even corrected. The Utilities SPDR, Consumer Staples SPDR and
The goal of this commentary is to cut through the day-to-day noise and focus on price action that actually matters. Noise can be in the form of news or random price fluctuations. Either way, we are often better off when we filter the noise and focus on what really matters. So what really matters? Trends …
The Semiconductor ETF held up much better than the broader market in September and a bullish pattern is taking shape.
This weekly commentary, featuring the S&P 500, Index Breadth Model and Sector Breadth Model, is designed to deliver an unbiased view of the current stock market environment. Models, while not perfect, provide a clear process driven approach for evaluating the market. Focusing on present signals, instead of future possibilities, models reflect the current state of …
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