Once again, we are seeing broad strength in the Technology sector. Tech is not the only strong sector as three other sectors recorded hat tricks with new highs in the SPDR, the equal-weight sector ETF and small-cap sector ETF (Technology, Consumer Discretionary, Healthcare and Industrials).
SPY hit a new high for the week and gained 1.02%, which is not considered an outsized advance for one week. The weekly gain exceeded 2% twice in January 2018 and these were outsized advances.
There were plenty of 52-week highs this week. SPY (large-caps), QQQ (large-cap techs), MDY (mid-caps) and IJR (small-caps) hit new highs. Five of the eleven sector SPDRs hit new highs this week, while just two equal-weight sectors hit new highs.
As you can see from the lists above, there were plenty of 52-week highs this week. SPY (large-caps), QQQ (large-cap techs), MDY (mid-caps) and IWM (small-caps) hit new highs. Six of the eleven sector SPDRs hit new highs this week, while seven equal-weight sectors hit new highs.
This week’s video will cover the 60 core ETFs and the short-term trend for SPY. There were 21 new highs in our core list and this shows broad strength in the stock market.
This week’s video will cover the 60 core ETFs, the short-term trend for SPY and some events that could shake the market in the coming weeks. There were more new highs, a materials-related ETF broke out, gold failed and bonds backed off resistance.
This post features the weekend video that walks you through the the 60 ETFs in the core chart list. I also example on the daily S&P 500 chart and the indicators used to define the short-term uptrend.
This post features chart notes on recent developments in our core ETF list, an update to the ETF ChartBook and a video covering all 60 core ETFs. Today I am singling out four ETFs to watch closely because they look poised to move.
This post features chart notes on recent developments in our core ETF list, an update to the ETF ChartBook and a video covering all 60 core ETFs. Today’s video also shows what to watch for the short-term uptrend and covers oil.
This post features chart notes on recent developments in our core ETF list, an update to the ETF ChartBook and a video covering all 60 core ETFs. Note that the video also covers some of the key charts from Friday’s commentary.
There were several new highs, and even a few all time highs, this week as stocks extended their October run into early November. This post features some ETF chart notes, an update to the ETF ChartBook and a video covering all 60 core ETFs.