In this video I share a custom indicator that I have created which displays the percentage that an index, stock, ETF, sector, etc... is trading above or below a particular moving average. Detailed instructions are provided on how to create this indicator as well as how to use it to help identify potential rallies & [...]
Technical analysis including key support levels & chart formations on all 11 sectors of the S&P 500 Index in descending order by weighting. Click on first chart to expand, then click anywhere on the right of each expanded chart to advance to the next chart. Once expanded, each chart can be zoomed & panned for [...]
Technical analysis of the U.S. stock market via the index tracking ETFs; SPY, QQQ & IWM as well as the outlook for the market leading FAAMG stocks (FB, AAPL, AMZN, MSFT & GOOG).
A couple of potential market moving events are scheduled this week. AAPL (Apple Inc.) is scheduled to report earnings tomorrow (Tuesday) after the market close. On Wednesday, the FOMC meeting announcement is scheduled for 2:00pm ET. As of today, Fed Fund futures are pricing in a 95.2% probability of no change in the federal funds [...]
Identifying divergences between the stock market & various indicators in order to help identify when to be on the look out for a trend reversal. Covered in this video are the charts of the Nasdaq 100, S&P 500, IWM (Russell 200) and the percentage of stocks trading above their 50-day moving average in the Nasdaq. [...]
Global equity markets are rallying in a 'risk-on' trade while safe haven assets such as treasury bonds & gold are being sold as a result of the French elections & lessened probability of a Frexit. Here's a snapshot of the risk-on & risk-off assets: Gold, U.S. Treasury Bonds & a few the major US stock [...]
With the markets still slogging around in a sideways-to-downward trend and with all major indices other than the Nasdaq 100 still well off their March 1st highs & most likely in the early stages of a much deeper correction, I just wanted to reiterate that the divergences in market internals will most likely manifest in [...]