Weekend Video – Analyzing and Quantifying New Trend Signals, Old School ETFs Hold Breaks as September Looms (Premium)

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SPY continues on its stairway to higher prices with another new high this week. We are also seeing strength in mid-caps as MDY holds its breakout and new trend signals in small-caps (IJR and IWM). Breadth is not as strong as it used to be, but strong enough to support a bull market. Yield spreads show no signs of stress and the Fed balance sheet hit a new high. Within the ETF list, we are seeing new trend signals in several ETFs that were previously on the high-flyer list. We will test trend signals for the Clean Energy ETF (QCLN), show these on a long-term chart and analyze the structure of the price chart. Elsewhere, tech-related ETFs are leading and several old school groups are holding their breakouts. ETFs related to energy, copper and transports are the weakest.

Seasonal Patterns: Monthly and Best/Worst 6 Months (article/video)

Trading Corrections: Identifying and trading the falling wedge.

Exit Strategies: Indicators, riding the trend, using the ATR Trailing Stop.  

Broad Market Notes

  • SPY Channels to another New High (QQQ too)
  • S&P 500 EW ETF Hits New High
  • IWM and IJR Trigger Bullish on StochClose
  • Composite Breadth Model Remains Bullish
  • Yield Spreads Remain Low and Flat
  • Feb Balance Sheet Expands a Fraction
  • TLT Forms Bull Flag
  • Gold Breaks Wedge Line
  • Dollar Fails at Resistance (watch FXE, FXY)
  • Oil Challenges Channel Line

ETF Highlights

  • New Trend Signals on Ranking Table
  • Residential REIT ETF Breaks to New High
  • QCLN, ARK ETFs and New Uptrend Signals
  • XLK, XLY, XLV, XLC and XLRE Lead Sectors
  • XLF, XLI, IFRA and XLB Hold Breakouts
  • XLE is the Weakest Sector by Far
  • IGV, SOXX, FIVG, FDN, CIBR and SKYY Hit New Highs
  • Housing ETFs Hold Breakouts
  • Biotech ETF Extends on Wedge Breakout
  • DB Base Metals ETF Challenges Triangle Resistance
  • Steel ETFs Consolidate within Uptrends
  • DB Agriculture ETF Holds Breakout
  • Timber ETF Extends on Breakout
  • EV ETFs in Choppy Uptrends
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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