The following video provides technical analysis of the major stock indices & 11 sectors within the S&P 500.
- The video begins with analysis of SPY & QQQ followed by the 11 sectors in the S&P 500
- Although there isn’t much in the way of any new or significant developments in the charts or technical posture of the stock market, the recent volume trends that are covered are worth noting
- QQQ remains above the primary uptrend line on the daily chart with any sell signals for now after successfully testing & bouncing off it last week. Some level to watch that may provide an early indication of a trend change are noted in the video
- A follow-up video updating some of the recently highlighted actionable (current) trades & trade setups (potential trades, awaiting an objective entry/buy trigger) will follow covering gold, silver & the related mining stocks as well as the US Dollar, Euro, select agricultural commodities & ag input stocks, and an update on natural gas.