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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. 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. 

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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

  • Trailing Stops for Breakouts in 11 Tech ETFs
  • Healthcare Sets Up with Bull Flag after Breakout
  • Stock Setups: AMD, CSCO, MSFT, COIN, HEI, ROK
  • Gold/Silver Miners Go Parabolic
  • Uranium and Copper Extend on Breakouts
  • Click here to take a trial and gain full access.

New Leaders Emerge – Old Leaders Correct – Charting Corrections in Tech ETFs

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A rotation is underway in the stock market. Smalls and mids are starting to outperform large-caps and large-techs. Consumer Discretionary and Finance are starting to outperform Technology and Industrials. Keep in mind that these rotations started in late August, which means they are still short-term. Tech ETFs are still outperforming long-term and remain in long-term uptrends. However

New Leaders Emerge – Old Leaders Correct – Charting Corrections in Tech ETFs Read More »

Big Tech Still Leading – SOXX Forms Flag – CIBR Oversold – XLF, KRE, XLY, XLP

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Big tech continues to lead the market with the Technology SPDR, Mag7 ETF and Semiconductor ETF powering higher. These three have one thing in common (NVDA). It is not just Nvidia power semis because we are also seeing a flag breakout in SOXX. Elsewhere, the Finance sector is maintaining its uptrend as the Regional Bank ETF turned up after

Big Tech Still Leading – SOXX Forms Flag – CIBR Oversold – XLF, KRE, XLY, XLP Read More »

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