The next report will be on Thursday, June 19th
See today’s Market Regime update [1] for long-term breadth charts and a ZBT update.
Report/Video Headlines
Nasdaq 100 stocks and QQQ are leading, but the weight of the evidence remains mixed for the broader market. After a big advance since early April, a pullback could be brewing as short-term bearish divergences take shape in S&P 500 breadth. We will cover the key breadth indicators, support levels for SPY/QQQ and the pennant breakouts in tech-related ETFs. Commodities remain strong with metals leading the way.
- Short-term Divergences in Breadth
- Minding the Breakout Gaps in SPY/QQQ
- Mid-caps Struggling and Small-caps Weak
- Tech Related ETFs Dominate the Top 20
- ARKF, IYZ, FDN, ITA, CIBR, XLC, IGV, BLOK, AIQ, XLF, ARKK, XLI
- Tight Stops (XLK) vs Wide Stops (CIBR)
- Seven Tech ETFs with Pennants and Tight Stops
- Regional Bank ETF and XLY Stall at Resistance
- Home Construction ETF Leads Lower
- XLP Weakens as XLU Consolidates above 200-day SMA
- Lower Highs or Bullish Pennants (XLF, IHI)
- Insurance ETF Battles 200-day SMA
- Infrastructure ETF Holds Breakout
- Gold Holds Breakout as Silver Hits New High
- Gold/Silver Miners Remain Near Highs
- Palladium Holds Breakout as Platinum Goes Parabolic
- Copper Maintains Choppy Uptrend
- DBA Trades around Breakout Zone
- Natural Gas ETF Goes for Breakout
- Bitcoin ETF Falls Back to Flag Breakout Zone
- 7-10Yr T-Bond ETF is Stuck in Ranges
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