Systematic Trading Strategies and Next Level Trading Setups

Key ETFs and Indicators to Watch for Market Health

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SPY in Leading Uptrend – 60+ Percent of Stocks above 200-day – Spreads Narrow

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Even though stocks are ripe for a corrective period, the weight of the evidence supports a bull market. As such, a pullback would be a considered as a correction within the bull market. SPY is in a leading uptrend, 60+ percent of stocks are above their 200-day SMAs and yield spreads are narrow. In addition, short-term rates are falling, which suggest a dovish Fed.

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

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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 surge. 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.

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Comparing 2020 with 2025 – Tech ETFs Extended – KRE Support – GLD Gets Quiet

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Today’s report starts by comparing the current March-August sequence with the March-August period in 2020. History does not repeat itself, but it sometimes rhymes. We then turn to four tech-related ETF that are very extended and ripe for a correction. The Regional Bank ETF helped small-caps last week and it is important that KRE holds its surge. We close with the Gold SPDR, which turned real quiet the last six days.

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SPY/QQQ Lead – Small/Mids Still Lagging – 93 days since Oversold – Mediocre Breadth

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The stock market remains in risk-on mode, but the bull run is selective. SPY and QQQ tagged new highs in mid August. Even though mid-caps and small-caps surged last week, IJH and IJR remain well below their November highs and continue to lag large-caps. The new high list shows leadership concentrated in the Technology and Communication Services sectors. Narrow

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QQQ Overtakes QQEW – GOOGL Near High – Groups with Most Highs – Verizon Gaps

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Welcome to your Friday Chart Fix. Today’s report starts with year-to-date performance for QQQ and its equal-weight brother (QQEW). We then look at the leaders within QQQ and single out Alphabet because it is close to a new high. Attention then turns to small and mid caps because they led the market this week. New highs are still sparse within the space. We then show a ranking table to find the groups with the most new highs. And finally,

QQQ Overtakes QQEW – GOOGL Near High – Groups with Most Highs – Verizon Gaps Read More »

Small-caps Surge and Remain Erratic – An Oversold Zweig Breadth Indicator

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Small-caps came to life this week with big moves the last two days. These moves keep the uptrends alive for the S&P SmallCap 600 SPDR and S&P MidCap 400 ETF. Both were oversold and at support just below these surges. We will also look at an oversold condition in the Zweig Breadth Thrust indicator on August 1st. Even though these moves are impressive, small-caps trade more erratic

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