March 2017
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Semiconductor Sector Update

Members @ww0987 & @Ruben had requested an update on the semiconductor sector. XSD (SPDR S&P Semiconductor ETF) has been clinging to the bottom of this large rising wedge for weeks now & but has yet to confirm a sell signal with an impulsive breakdown & solid daily close below the wedge although best to wait to [...]

Mar 20, 2017 2:51pm|Categories: Equity Market Analysis|Tags: , , |0 Comments

Divergence Between the Stock Market & Retail Sector Yet Another Red Flag

Consumer spending accounts for more than two-thirds of U.S. economic activity. As this 11-year comparison of XRT (SPDR S&P Retail ETF) vs, the S&P 500 shows, the stock market & the retail sector historically move in near-perfect unison, with any divergence between the two very rare and a potential warning sign as was the sharp [...]

Mar 20, 2017 10:49am|Categories: Equity Market Analysis|Tags: , , |0 Comments

SPY, QQQ & IWM Analysis

A quick overview of the US stock market via the 60-minute charts of SPY, QQQ & IWM: SPY resumes the near-term downtrend following the recent breakdown & backtest of the purple minor TL, QQQ seems to be in a state of suspended animation over the last month, going virtually nowhere despite clearly bearish technicals that [...]

Mar 20, 2017 9:58am|Categories: Equity Market Analysis|Tags: , , , , , |0 Comments
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