A recap of today's price action & recent technical developments in the US equity markets (SPY, QQQ & IWM) as well as a few key sectors ETFs such as XLK (technology), XBI & IBB (biotechs), SMH, XSD & SOXX (semiconductors) as well as the volatility indexes ($VIX & $VXN).
Fundamental & technical analysis on a few key sectors including the automakers, biotechnology, semiconductors, technology as well as the volatility indexes. The following stocks & sector ETFs are covered in this order: F, GM, TSLA, TM, XBI, IBB, PBE, SMH, XSD, SOXX, XLK, TECS, $VIX & $VXN.
The $VIX (CBOE Volatility Index) appears poised for at least a 20-50% gain in the next 2-6 weeks as it has just put in a divergent low while dipping just below the lower end of it's range. Although one can't directly trade the spot VIX (shown below) there are numerous trading proxies such as VIX [...]
I recorded a comprehensive video earlier today covering the charts of the Nasdaq 100 ($NDX), QQQ, as well the top components of that market leading (or until recently) index, covering various time frames on each. The video ran quite a bit longer than expected so I'll post it at the bottom for those interested & [...]
This video ties in some of the recent charts & analysis that I've recently covered on the US equity markets on various time frames as well as the $VIX volatility index. It appears that should the US stock market move even just a percent or so below where it closed today, that would likely trigger [...]
As covered in the July 10th market outlook video, the 2015 market top was preceded by a series of 3 consecutive divergent highs, culminating in one large divergent top on May 20th, followed by a 12.% drop into the Aug lows (or actually a 15%+ drop into the Feb '16 lows before that 2015 was [...]
Should the $VIX (CBOE Market Volatility Index) move much lower, it will have printed the 3rd divergent low over the last few years. White arrows show the moves that followed the previous two divergent lows. As of today, the $VIX is challenging the June 7th reaction low, which immediately preceded the biggest jump in the [...]