FINANCIAL ICEBERG
Always consider hidden risks
TECHNICALS
Trumpcated Technical Charts
November 10 2016 ( From TradingView, CNN Money )
November 10 2016 ( From TradingView, CNN Money )
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Market reaction to Trump s victory quite a surprise: from a breakout in
Financials and Transportation, the strength of the Health Care Sector and
the US Dollar and the huge selloff in Bonds and Gold and pressure on
corporations with an export driven business model like Apple.
Some Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) is back testing a Major Resistance
Trendline that started back since February 11 2016. (See first chart below,
yellow) and above the 50 DMA (Day Moving Average) so critical for Bulls.
(See first chart below - Red line - Ellipse)
2) XLF ETF (Financial Select SectorFund) finally broke a Wedge Technical
Pattern and made a new high at 20.94 (previous was July 23 2015 at 20.80).
(See second chart below - Blue Line)
3) XLV ETF (Health Care Select Sector Fund ) did rebound violently and
now above the 50 DMA, the first time since August 24 2016.
(See third chart below - Left - Red line - Ellipse).
4) IYT ETF (iShares Transportation Average ETF ) the almost always forgotten Sector broke the Major Daily Resistance Trendline that started since November 28 2014! (See fourth chart below - Right - Grey Trendline)
5) DXY Index (US Dollar Index) broke is back into a steep Daily Uptrend Channel.
(See fifth chart below - Channel)
6) TLT ETF (iShares 20+ Year Treasury Bond ETF) is in a violent correction phase as it broke the Major Support Trendline. (See sixth chart below - Yellow Trendline)
7) VIX Index (SP500 Volatility-CBOE) is tumbling below the previous breakout trendline and the 50 DMA.
(See seventh chart below - Blue Trendline).
8) Copper Futures (HG2-COMEX) is in a Breakout Mode at Weekly Support Trendline.(See eight chart below)
9) Gold Futures (GC1-COMEX) kissed a Major Resistance Trendline from a Major Rising Wedge Technical Pattern and failed to break it. (See ninth chart below - Blue Trendline - Ellipse)
Financials and Transportation, the strength of the Health Care Sector and
the US Dollar and the huge selloff in Bonds and Gold and pressure on
corporations with an export driven business model like Apple.
Some Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) is back testing a Major Resistance
Trendline that started back since February 11 2016. (See first chart below,
yellow) and above the 50 DMA (Day Moving Average) so critical for Bulls.
(See first chart below - Red line - Ellipse)
2) XLF ETF (Financial Select SectorFund) finally broke a Wedge Technical
Pattern and made a new high at 20.94 (previous was July 23 2015 at 20.80).
(See second chart below - Blue Line)
3) XLV ETF (Health Care Select Sector Fund ) did rebound violently and
now above the 50 DMA, the first time since August 24 2016.
(See third chart below - Left - Red line - Ellipse).
4) IYT ETF (iShares Transportation Average ETF ) the almost always forgotten Sector broke the Major Daily Resistance Trendline that started since November 28 2014! (See fourth chart below - Right - Grey Trendline)
5) DXY Index (US Dollar Index) broke is back into a steep Daily Uptrend Channel.
(See fifth chart below - Channel)
6) TLT ETF (iShares 20+ Year Treasury Bond ETF) is in a violent correction phase as it broke the Major Support Trendline. (See sixth chart below - Yellow Trendline)
7) VIX Index (SP500 Volatility-CBOE) is tumbling below the previous breakout trendline and the 50 DMA.
(See seventh chart below - Blue Trendline).
8) Copper Futures (HG2-COMEX) is in a Breakout Mode at Weekly Support Trendline.(See eight chart below)
9) Gold Futures (GC1-COMEX) kissed a Major Resistance Trendline from a Major Rising Wedge Technical Pattern and failed to break it. (See ninth chart below - Blue Trendline - Ellipse)
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"To fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting."
-Sun Tzu, the Art of War
-Sun Tzu, the Art of War
Trumpcated Technical Charts $SPY #sp500 #usdollar #bonds #gold #stocks #investing #trading #spy #dxy #copper #vix
Daily Chart ( Candles )
TLT ETF ( iShares Year Treasury Bond ETF )
Volume ( Bottom Blue Area )
TLT ETF ( iShares Year Treasury Bond ETF )
Volume ( Bottom Blue Area )
Financialiceberg.Com
Financialiceberg.Com
Daily Chart
SP500 Index ( SPY ETF - Top Panel - Candles )
SPY ETF Volume ( Bottom Panel - Blue Area )
SP500 Index ( SPY ETF - Top Panel - Candles )
SPY ETF Volume ( Bottom Panel - Blue Area )
Weekly Chart ( Candles )
Copper Futures ( HG2 )
Volume ( Bottom Blue Area )
Copper Futures ( HG2 )
Volume ( Bottom Blue Area )
Financialiceberg.Com
Financialiceberg.Com
Financialiceberg.Com
Daily Chart ( Candles )
US Dollar Index ( DXY )
US Dollar Index ( DXY )
Financialiceberg.Com
Daily Chart
US Financial Sector ETF ( XLF ETF )
US Financial Sector ETF ( XLF ETF )
Financialiceberg.Com
Daily Chart
Health Care Sector ( XLV ETF - Top Panel - Candles )
XLV ETF Volume ( Bottom Panel - Blue Area )
Health Care Sector ( XLV ETF - Top Panel - Candles )
XLV ETF Volume ( Bottom Panel - Blue Area )
Daily Chart
Transportation ( IYT ETF - Top Panel - Candles )
IYT ETF Volume ( Bottom Panel - Blue Area )
Transportation ( IYT ETF - Top Panel - Candles )
IYT ETF Volume ( Bottom Panel - Blue Area )
Daily Chart ( Candles )
CBOE SP500 Index Volatility ( VIX )
CBOE SP500 Index Volatility ( VIX )
Daily Chart ( Candles )
Gold Futures ( GC1 )
Volume ( Bottom Blue Area )
Gold Futures ( GC1 )
Volume ( Bottom Blue Area )
