Systematic Trading Strategies and Next Level Trading Setups

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. 

Recent Reports and Videos for Premium Members

  • Blowoff Top and Bearish Momentum Thrusts (QQQ, XLK)
  • Stock Setups in Gaming Software, Semis and Cybersecurity
  • 7-10Yr TBond ETF Maintains Uptrend with Bullish Setup
  • Yield Spreads Start to Show Stress in Credit Markets
  • Core ETF ChartList (76 ETFs organized in a top-down manner)
  • 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

  • Blowoff Top and Bearish Momentum Thrusts (QQQ, XLK)
  • Stock Setups in Gaming Software, Semis and Cybersecurity
  • 7-10Yr TBond ETF Maintains Uptrend with Bullish Setup
  • Yield Spreads Start to Show Stress in Credit Markets
  • Core ETF ChartList (76 ETFs organized in a top-down manner)
  • Click here to take a trial and gain full access.

Comparing 2020 with 2025 – Tech ETFs Extended – KRE Support – GLD Gets Quiet

By

Today’s report starts by comparing the current March-August sequence with the March-August period in 2020. History does not repeat itself, but it sometimes rhymes. We then turn to four tech-related ETF that are very extended and ripe for a correction. The Regional Bank ETF helped small-caps last week and it is important that KRE holds its surge. We close with the Gold SPDR, which turned real quiet the last six days.

Comparing 2020 with 2025 – Tech ETFs Extended – KRE Support – GLD Gets Quiet Read More »

SPY/QQQ Lead – Small/Mids Still Lagging – 93 days since Oversold – Mediocre Breadth

By

The stock market remains in risk-on mode, but the bull run is selective. SPY and QQQ tagged new highs in mid August. Even though mid-caps and small-caps surged last week, IJH and IJR remain well below their November highs and continue to lag large-caps. The new high list shows leadership concentrated in the Technology and Communication Services sectors. Narrow

SPY/QQQ Lead – Small/Mids Still Lagging – 93 days since Oversold – Mediocre Breadth Read More »

Correction Underway – Three Indicators Show Increasing Weakness from Within

By

A correction is underway because equity ETFs are mixed over the past month (21 trading days). SPY and QQQ are up, but Small-caps (IJR) and Mid-caps (IJH) are down. Six of the eleven sectors are up, which means five are down. Even within the tech sector, we are seeing mixed performance because the Technology SPDR is up 3.23% and the EW Technology

Correction Underway – Three Indicators Show Increasing Weakness from Within Read More »

Scroll to Top