The 20+ Yr Treasury Bond ETF (TLT) threw a tantrum this week with the biggest two day decline since March 2020, which was a very chaotic month. With a sharp decline in bonds, the 10-yr Treasury Yield broke above its summer highs and the bulls
Today’s commentary will start with price chart analysis for a clean energy ETF, which once led the market with triple digit gains. After a corrective period, it appears that this high flying ETF and a few of its brethren are turning up again with recent trend signals. We will start with the price chart analysis and then turn to the systematic signals.
The Energy SPDR (XLE) is setting up to end its correction and resume its bigger uptrend. First and foremost, the long-term trend is up because the Trend Composite signaled an uptrend (gray circle) in late November when the majority of indicators turned bullish. There are five trend-following indicators in the Trend Composite and all five …
Traders interested in Treasury bonds, Treasury bond ETFs and yields would be better off ignoring Fed-speak and focusing on the charts. The bond market leads the Fed, not the other way around. There is a battle raging for the heart and soul of the bond market. In a rare divergence, short-term yields are rising and …
The 5G Next Generation ETF (FIVG) is taking the lead within the tech space as it breaks out of a bullish continuation pattern. FIVG is leading because it recorded a new high here in early June. Not very many tech-related ETFs hit new highs here in early June and this makes it relatively easy to separate the leaders from the laggards.
Small-cap breadth is seriously lagging large-cap breadth, but we have yet to see a bearish breadth thrust or a breakdown in the S&P SmallCap 600 SPDR (IJR), which is currently consolidating. This commentary will look at the breadth thrust signals and compare the percentage of stocks above the 50-day SMA for the S&P 500 and the S&P SmallCap 600.