Market/ETF Video – Price and Breadth Thrusts, the Real ETF Leaders, Commodity ETFs Still Strong, PALL Pullback, KRE Setup (Premium)

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Market/ETF Review and Outlook Video

This video starts with broad market analysis and then moves to the individual ETFs. The broad market section includes the Composite Breadth Model, Fed balance sheet and yield spreads. Breadth indicators, SPY, QQQ, bonds, gold and the Dollar are also covered. Analysis, then turns to ETF charts with leading uptrends, emerging trends and setups.

       Broad Market Notes

  • Composite Breadth Model Remains Bullish
  • Bullish Breadth Thrusts in SPX and NDX
  • Four Price Thrusts in Four Years (plus 2011)
  • SPY Exceeds February High with Candle in Star Position
  • QQQ Enters Potential Reversal Zone
  • Yield Spreads Remain Elevated
  • TLT Remains Near 52-week Lows
    Junk Bond ETF Breaks Out of Small Wedge
  • GLD and SLV Battle Support Zone from Prior Breakouts
  • UUP Turns Choppy within Uptrend

      ETF Trends, Patterns and Setups:

  • The Real Leaders are Hitting New Highs (XLU, PBJ, IFRA, DVY, KIE)
  • Oil Turns Volatile, but Remains in Clear Uptrend
  • Energy-Related ETFs Hold Flag Breakouts (XLE, FCG, XOP, XES)
  • Steel and Agribusiness Get Extended, but Still Leading (MOO, XME, SLX)
  • Palladium Hits Reversal Zone (PALL)
  • Agriculture, Base Metals and Copper ETFs Hold Strong (DBA, DBB, CPER)
  • Uranium and Rare Metals ETFs Hold Breakouts (URA, REMX)
  • Cybersecurity ETF Exceeds December High (CIBR)
    Networking and Semiconductor ETFs Breakout of Wedges (IGN, SOXX)
  • Residential REIT ETF Leads REITs Higher (REZ)
  • Aerospace & Defense ETFs Hold their Big Breakouts (ITA, PPA, XAR)
  • XLV and XLB Extend on Wedge Breakouts with Choppy Uptrends
  • Regional Bank ETF Sets Up within Choppy Uptrend (KRE)
  • Flag and Pennant Breakouts for High Beta ETFs (IWM, IWO, QQQJ)
  • Tech ETFs Get Flag Breakouts within Downtrends (SKYY, FINX, FDN, IPAY, IGV, IBB)
  • Clean Energy ETF Maintains Upswing with Bigger Correction (PBW)
Thanks for tuning in and have a great weekend!

-Arthur Hill, CMT
Choose a Strategy, Develop a Plan and Follow a Process

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