StockMarketTV – Breadth Expands – Tech ETFs Correct – 3 Stock Setups
- Arthur Hill, CMT
These are the charts from the StockMarketTV show on Tuesday, August 26th. 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.
Recent Reports and Videos for Premium Members
- Oversold setups for gold, a gold stock and the Gold Miners ETF.
- Copper and industrial metals ignore precious metals with move higher.
- Breadth Models remain net bullish and yield spreads narrow.
- Bullish setups for a copper/gold miner and a software/semiconductor stock.
- Tech ETFs continue to lead with follow through on flag/pennant breakouts.
- Click here to take a trial and gain full access.
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
- Oversold setups for gold, a gold stock and the Gold Miners ETF.
- Copper and industrial metals ignore precious metals with move higher.
- Breadth Models remain net bullish and yield spreads narrow.
- Bullish setups for a copper/gold miner and a software/semiconductor stock.
- Tech ETFs continue to lead with follow through on flag/pennant breakouts.
- Click here to take a trial and gain full access.
