Vacation Notice
It is time for a little vacation in July and the publishing schedule will be as follows:
- Vacation from July 12th to 17th (Monday to Saturday)
- Normal Schedule Resumes on Thursday, July 22nd
Think I will reread Reminiscences of a Stock Operator and Trading in the Zone, which are two of the twelve books on my reading list. [1]
Check out the Premium Page (click here) [2] for articles and videos covering trading strategies, seasonality, exits, patterns and more.
Today’s video starts with SPY and its grind higher. Large-cap techs are leading QQQ higher and these stocks are also contributing to the gains in SPY. Mid-caps and small-caps continue to stall as medium-term breadth indicators deteriorate. The big tech-related ETFs are strong, but extended. Small-caps are lagging, but small-cap growth is breaking out. Elsewhere, I am seeing bullish setups in XLB, IHF, COPX, CPER, SLX, XME, WOOD and IYZ.
Chart Strategy: [3] Trend analysis, bullish setup, chart patterns, RSI and StochClose.
Exit Strategies: [4] Indicators, riding the trend, using the ATR Trailing Stop.
Broad Market Notes
- Overview of Premium Page
- QQQ Powers SPY to New High
- Mid-caps and Small-caps Still Correcting
- Composite Breadth Model Remains Bullish
- Medium-term Breadth Deteriorates
- Yield Curves Hit New Lows
- Gold and Silver Pop
- Oil Remains Strong
- TLT Pokes its Head above the 200-day
- Dollar Falls Short of 200-day
ETF Highlights
- Small and Mid Cap ETFs Get Oversold Bounces
- Big Wedge Breakout for IWO
- XLV, XLY, XLK and XLC Power SPY Higher
- XLB Firms Near Retracement and Gaps Up
- Software, Cyber and Internet Get Extended
- Semiconductor ETFs Zigzag Higher
- Homebuilders ETF Fails to Hold Wedge Breakout
- Bank ETFs Bounce after Breaking March Lows
- Defense ETF Holds Breakout
- Key Level for Clean Energy ETFs
- Healthcare Providers ETF Sets Up Bullish
- Copper ETFs with Bullish Setups
- Steel and Metals ETFs Set Up
- WOOD Extends on Breakout
- Cannabis ETFs Turn Dull
- Telecom ETF Goes for Breakout
- EV ETFs Consolidate above Breakout Zones