Systematic Trading Strategies and Next Level Trading Setups
The weight of the evidence remains bullish for stocks, but there are large pockets of weakness within the market. 56.6% of S&P 500 stocks are above their 200-day SMAs, which means 43.4% are below and in long-term downtrends. Even though this is a rather large swath of the market, the cup
Some Warning Signs, but Tech ETFs Still Leading – As are Utes, Industrials, Healthcare Read More »
While the weight of the evidence has yet to turn bearish, the market is becoming more split as the pockets of weakness expand. 54.80% of S&P 500 stocks are above their 200-day SMAs, which is the lowest percentage since June. This also
Watching QQQ and MAGS for Clues – 6 Tech Leaders and 6 Laggards – XLU Corrects Read More »
The weight of the evidence remains bullish with the same groups leading the way higher. SPY and QQQ hit new highs to affirm the dominance of large-caps and large-cap techs. Tech, industrials and utilities are the strongest sectors with new highs this month. Within technology, the AI-related ETFs are leading the charge with short-term breakouts last
Staying the Course – SPY/QQQ Hit New Highs – Tech/AI ETFs Lead – Flag/Pennant Breakouts Read More »
The weight of the evidence remains bullish for stocks. SPY, QQQ and IWM hit new highs in October and remain in leading uptrends. Around 65% of S&P 500 stocks are above their 200-day SMAs. Even though this means
QQQ and IWM Lead – Bullish Patterns in Five Tech ETFs – Healthcare Stays Healthy Read More »
It is still a bull market, but some key groups are under pressure. We start with a performance chart showing the percentage gain/loss for 15 ETFs. The right side of the chart shows the performance ranking. The Gold
Key Groups Lagging – XLK and QQQ Hold Channel Lines – XLU & XLV Hold Up Read More »
The Russell 2000 ETF (IWM) is also chugging along with new 52-week highs here in early October, but the S&P SmallCap 600 SPDR (IJR) and S&P MidCap 400 ETF (IJH) stalled the last four weeks and remain well below their
Small and Mid Caps Lagging – ITB Falls after Breakout – Regional Banks hit Make or Break Read More »
The weight of the evidence remains bullish for stocks. Large-caps (SPY) and QQQ (large techs) are leading with new highs on Monday. 66% of S&P 500 are above their 200-day SMAs, which means the vast majority of stocks are in long-term uptrends. The S&P 1500
The weight of the evidence remains bullish for stocks with large-caps and tech stocks leading the way. Utilities, defense and big banks are also strong. Small-caps and mid-caps are more mixed. We could be in for some volatility as the headlines flow from Washington DC. What else is new? We could also be in for a rough ride because October is
Trailing Stops for Tech ETFs – Rising Channels in SPY, QQQ and XLF – XLV and ITB Set Up Read More »
Commodities are still an option, even in the AI age. Precious metals and their respective miners continue to lead the market with big moves since early August. Industrial metals are strong overall with copper catching a big bid this week. Energy is also showing promise as oil firms above its breakout zone and looks poised for a breakout. Today’s report will cover metals and oil. Note that I covered crypto and uranium on Tuesday. Symbols covered: GLD, SLV, GDX, SIL, CPER, DBB, USO, XLE, OIH, XOP, FCG.
Gold/Silver Miners Go Parabolic – Copper Surges – Oil Sets Up – 4 Energy ETFs to Watch Read More »
The weight of the evidence remains bullish for stocks, but this is not a bull market that lifts all boats. Strength is concentrated in three sectors: Technology, Consumer Discretionary and Communication Services. Outside of these sectors, I am also seeing leadership in precious metals, industrial metals, clean energy, aerospace-defense, big banks and telecom. Today’s report will show some trends and setups for ETFs
Banks Lead Finance – Defense Leads Industrials – Utes – Uranium Surges – IBIT Dips Read More »
The bull run continues with large-caps and large-cap techs leading the charge. SPY, QQQ and XLK hit fresh new highs this week. Breadth is strong enough to support a bull market with 62.80% of S&P 500 stocks above their 200-day SMAs. With new highs in SPY, QQQ and IWM, this percentage, however, is relatively subdued. In a strong bull market, I would expect
Tech ETFs Still Leading – Speculation Builds – A Plan for The Trader and The Accumulator Read More »
The S&P 500 SPDR (SPY) remains in a confirmed uptrend with a new high on Wednesday. SPY edged higher on Tuesday and Wednesday, but there were more declining stocks than advancing stocks on both days. Participation is wearing thin
Small and Mids Lead – Banks Hold Up – Tech ETFs Mixed – XLU Breakout Read More »
SPY, QQQ and XLK are in uptrends with the mid-late August lows marking first support. Support breaks would reverse the short-term uptrends and argue for a corrective period.
SPY, QQQ and XLK Maintain Uptrends – 10 Tech ETFs – IJH, IJR, IWM, KRE, XLU Read More »
