Weekend Video – Breadth Deteriorates, Yield Spreads Widen, Commodities Turn Volatile, Very Few Uptrends in Stock-Related ETFs (Premium)

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Next Week's Publishing Schedule

Tuesday, 15 March: Market/ETF Commentary

Thursday, 17 March: Trend Composite Strategy (part 5) with All Weather List

Saturday, 12 March: Weekend Video

Note that I am aiming to post between 8 and 8:30 AM ET.

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. The ETF section starts with the Trend Composite Signal and Ranking Table. We highlight the leading ETFs, ETFs with new trend signals and more. Analysis then turns to the charts for emerging trends and setups.

       Broad Market Notes

  • Composite Breadth Model Turns More Bearish
  • Quantifying Volatility with Rate-of-Change
  • 1-day Breadth Thrust versus 10-day Thrust
  • Nasdaq 100 Leads New Low List
  • Yield Spreads Show Stress in Credit Markets (SJNK plunges)
  • SPY and QQQ Extend Falling Wedges
  • S&P SmallCap 600 SPDR Forms a Bearish Pennant
  • Treasury Bond ETF Plunges to March Low as TIP Holds Up (plus TNX)
  • Gold Retraces 1/3 of Prior Surge as Silver Holds Breakout
  • Dollar Remains Strong as Euro Sinks

      ETF Trends, Patterns and Setups:

  • New Uptrends in Sugar and Utilities
  • New Downtrends in Banks and Insurance
    Energy ETFs Continue to Lead (XLE, FCG, XES)
  • Volatility Hits Oil and Base Metals (DBE, DBB, CPER, COPX)
  • DB Agriculture ETF Forms Wedge as Sugar Holds Breakout (DBA, CANE)
  • Steel ETFs in Uptrends, but Extended (XME, SLX)
  • Uranium ETF Holds Breakout (URA)
  • Grinding Uptrends (MOO, IFRA, IHF, XLU, PBJ)
  • Clean Energy ETFs Lead Since Invasion (PBW, ACES, ICLN)
  • Consumer Staples SPDR Breaks Down (XLP)
  • Defense and Cybersecurity Hold Up, but Not Immune (CIBR, ITA)
  • Healthcare SPDR Shows Some Relative* Strength (XLV)
  • Lithium Weighs on Strategic Metals ETF (REMX)
  • Volatility Takes over Global Carbon ETF (KRBN)
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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