SPY, QQQ, XLK Hold the Line – Breakouts in XLV, IBB, IYZ – Setups in XLF, IDGT, IHI, CIBR

The weight of the evidence remains bullish for stocks. Dozens of ETFs hit new highs in January as the bull market broadened even further in January. Even though XLK and QQQ are lagging, they are still in uptrends and their cups are half full as earnings season gets in full swing.

SPY, QQQ, XLK Hold the Line – Breakouts in XLV, IBB, IYZ – Setups in XLF, IDGT, IHI, CIBR Read More »

Key Levels for SPY/QQQ/XLK – Bonds Sag as Rates Surge – Euro Oversold within Uptrend

As hard as it is, this is the time to focus on the charts and ignore the news. It is not only difficult to interpret today’s news, but it is also impossible to predict tomorrow’s news. Sure, we can game out different scenarios and weigh the odds, but this is a tall order in the current environment.

Key Levels for SPY/QQQ/XLK – Bonds Sag as Rates Surge – Euro Oversold within Uptrend Read More »

Flag Breakouts in Tech-Related ETFs – Housing, Regional Banks and Retail Do an About Face

The weight of the evidence remains bullish for stocks, despite sizable pockets of weakness within the stock market. SPY is above its rising 200-day SMA and held its October low (650). The most important benchmark for US stocks remains strong. SPX %Above 200-day SMA bounced off the 50% level and is currently at 60%. The cup

Flag Breakouts in Tech-Related ETFs – Housing, Regional Banks and Retail Do an About Face Read More »

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