The next report will be on Thursday, April 24th
The weight of the evidence remains bearish, but stocks are currently experiencing an oversold bounce. This video will show upside targets and show what it takes to go from a bear market bounce to a bullish breadth thrust. Attention then turns to nine equity ETFs that are holding up the best, including two tech-related ETFs. In the alternative asset group, Bitcoin broke out and the DB Agriculture ETF is making a move. Gold is going parabolic and getting dangerous.
See today’s Market Regime update [1] for long-term breadth charts.
See today’s thrust indicator report [2] for an update on the breadth thrusts.
Report/Video Headlines
Broad Market Analysis
- Long-term Breadth and Trends Bearish
- Short-term Breadth Getting Oversold Bounce
- Oversold Bounce Targets for SPY/QQQ
- Weekly Trend Analysis for SPY/QQQ
Equity ETFs Holding Up the Best
- Finance Makes Strong Recovery
- Staples, Utes, Insurance Show Relative Strength
- Cybersecurity and ARK Fintech Return to 200-day
- Aerospace & Defense Negates Breakdown
- Medical Devices Holds Up Relatively Well
- AMLP Challenges 200-day SMA
Alternatives Assets
- DBA Goes for Breakout
- GLD Goes Parabolic
- Bitcoin Breakouts Out
Send feedback to support(at)trendinvestorpro.com or use the contact form. [3]