March 2017
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The Equity Market Analysis category contains all post, including charts, analysis & other commentary, relating to all aspects of global equity (stock) markets.

KRE Scenario Playing Out So Far

KRE (Regional Banking Sector ETF) is playing out as predicted in Friday's post so far with in impulsive move down close to the first bounce target (blue TL) so far today, down nearly 5% on the day. Still unsure of just how far the likely bounce off the 50.15ish support level will run although that [...]

Mar 21, 2017 1:24pm|Categories: Equity Market Analysis|Tags: |0 Comments

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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