FINANCIAL ICEBERG
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US Technical Charts Potpourri
May 01 2017 ( From TradingView, CNN Money )
May 01 2017 ( From TradingView, CNN Money )
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The Trumpification of Financial Markets (pro-growth and reflation theme within
a protectionism bias) start to fade quickly after its 100 days in power with few
real achievement. The NAFTA turnaround last week shows that its battle plan
remains unclear and those risks deals a blow to the rest of his agenda.
Some Weekly Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) is back testing the previous Weekly Break Out
Trendline that is critical for Bulls. Now Into a Weekly Uptrend Channel.
(See first chart below - Channels + Blue trendline)
2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3613 US Stocks
(so for me it is the Total Market Index) tested the previous Weekly breakout
Trendline from April 2016. (See second chart below - Top Grey Trendline).
3) QQQ ETF (NASDAQ - 100 Index) New High last week and rebounding from
the the Major Previous Weekly Break Out Trendline of a Rising Wedge
(See third chart below - Left-Blue). Still lead the market.
4) Apple Shares (AAPL) unable to break the Weekly Resistance Trendline.
(See fourth chart below - Right - Red Trendline) Still into a Weekly Uptrend Channel. Earnings on May 2.
5) DXY Index (US Dollar Index) is still below the Previous Weekly Breakout Trendline (See fifth chart below - Grey Trendline) and Into a Weekly Falling Wedge (Red Trendlines); Strong Price Compression.
6) TLT ETF (iShares 20+ Year Treasury Bond ETF) broke last week the tiny Weekly Uptrend Channel.
(See sixth chart below - Channel)
7) VIX Index (SP500 Volatility-CBOE) strong weekly compression within a Falling Wedge (See seventh chart below - Grey). Back at the Major Support Trendline.
8) Copper Futures (HG2-COMEX) broke ten weeks ago a Weekly Support Trendline. (See eight chart below-Red Trendline) and still into a Weekly Downtrend Channel.
9) Light Crude Oil Futures (CL2-NYMEX) still into the Old Weekly Rising Wedge Pattern
(See ninth chart below - Grey Trendline - Ellipse) and tested again last week the Support Trendline.
The Market still into a Consolidation process since SPY ETF is back testing the previous weekly resistance trendline and unable to close above yet....
a protectionism bias) start to fade quickly after its 100 days in power with few
real achievement. The NAFTA turnaround last week shows that its battle plan
remains unclear and those risks deals a blow to the rest of his agenda.
Some Weekly Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) is back testing the previous Weekly Break Out
Trendline that is critical for Bulls. Now Into a Weekly Uptrend Channel.
(See first chart below - Channels + Blue trendline)
2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3613 US Stocks
(so for me it is the Total Market Index) tested the previous Weekly breakout
Trendline from April 2016. (See second chart below - Top Grey Trendline).
3) QQQ ETF (NASDAQ - 100 Index) New High last week and rebounding from
the the Major Previous Weekly Break Out Trendline of a Rising Wedge
(See third chart below - Left-Blue). Still lead the market.
4) Apple Shares (AAPL) unable to break the Weekly Resistance Trendline.
(See fourth chart below - Right - Red Trendline) Still into a Weekly Uptrend Channel. Earnings on May 2.
5) DXY Index (US Dollar Index) is still below the Previous Weekly Breakout Trendline (See fifth chart below - Grey Trendline) and Into a Weekly Falling Wedge (Red Trendlines); Strong Price Compression.
6) TLT ETF (iShares 20+ Year Treasury Bond ETF) broke last week the tiny Weekly Uptrend Channel.
(See sixth chart below - Channel)
7) VIX Index (SP500 Volatility-CBOE) strong weekly compression within a Falling Wedge (See seventh chart below - Grey). Back at the Major Support Trendline.
8) Copper Futures (HG2-COMEX) broke ten weeks ago a Weekly Support Trendline. (See eight chart below-Red Trendline) and still into a Weekly Downtrend Channel.
9) Light Crude Oil Futures (CL2-NYMEX) still into the Old Weekly Rising Wedge Pattern
(See ninth chart below - Grey Trendline - Ellipse) and tested again last week the Support Trendline.
The Market still into a Consolidation process since SPY ETF is back testing the previous weekly resistance trendline and unable to close above yet....
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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
The Trump Experiment - Financial Markets $SPY #sp500 #usdollar #bonds #gold #stocks #investing #trading #spy #dxy #aapl #copper #vix
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TLT ETF ( iShares Year Treasury Bond ETF )
Volume ( Bottom Blue Area )
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Volume ( Bottom Blue Area )
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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
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Weekly Chart ( Candles )
US Dollar Index ( DXY )
US Dollar Index ( DXY )
Financialiceberg.Com
Weekly Chart
Vanguard Total Stock Market ETF ( VTI ETF )
Vanguard Total Stock Market ETF ( VTI ETF )
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Weekly Chart
NASDAQ 100 Index ( QQQ ETF - Candles)
NASDAQ 100 Index ( QQQ ETF - Candles)
Weekly Chart
Apple Shares ( AAPL )
Volume ( Bottom Panel - Blue Area )
Apple Shares ( AAPL )
Volume ( Bottom Panel - Blue Area )
Weekly Chart ( Candles )
CBOE SP500 Index Volatility ( VIX )
CBOE SP500 Index Volatility ( VIX )
Weekly Chart ( Candles )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
Oil Futures ( CL2 )
Volume ( Bottom Blue Area )
