Always consider hidden risks
US Technical Charts Potpourri
 Marrch 4 2018 ( From TradingView, CNN Money )
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​The SP500 Index had a triple whammy last week; 1) New FED Powell quite
hawkish 2) Potential Trade War after Trump s comments 3) BOJ already
into the planning of exiting QE.

​Some Weekly Technical Charts and Short Comments on US financial products:
​1) SPY ETF (SPDR S&P 500 ETF) Broke 9 weeks ago ​the Major Weekly
​Resistance from a Rising Channel.  ​
(See first chart below - yellow trendline)​​ 
Back testing the Resistance that Bulls failed to break.

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3 638 US Stocks
(Total Market Index) Broke the Resistance of a Weekly Rising ​Wedge Technical ​
​Pattern 22 weeks ago.​ That become the Major Support Trendline.
(See second chart below - Top Yellow Trendline). 

​​3) QQQ ETF (NASDAQ - 100 Index) Still Into a Weekly Megaphone Trading
Pattern. ​ 
(See third chart below - ​red trendlines)​​.  ​Huge tech Outperformance.

4) Apple Shares (AAPL) Broke 6 weeks ago a Weekly Rising Wedge Technical ​
​Pattern Support Trendline (red)​. Back 3 weeks ago into the bigger Weekly
​Megaphone Trendline.​ 
(See fourth chart below - Right - Grey Trendlines) 

​​​5) DXY Index (US Dollar Index) Strong Skirmish at the Major Support Trendline from a Weekly Falling Wedge, and got back above 2 weeks ago.  (See fifth chart below - Red Trendline)​  

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke 7 weeks ago a Weekly Rising Wedge Support Trendline. (See sixth chart below - Red Trendlines)​​ Broke 4 weeks ago a Major Weekly Rising Wedge Support (blue-from Feb 2011). Bears need to protect that trendline (now resistance). 
7) VIX Index (​SP500 Volatility-CBOE) Broke 5 weeks ago a Weekly Falling Wedge Technical Pattern.  (See seventh chart below - Grey Trendlines). That trendline become weekly support.
8) Copper Futures (HG2-COMEX) Into a weekly Uptrend Channel. (See eight chart below-Channel)

​​9) Light Crude Oil Futures (CL2-NYMEX) Still into a weekly Uptrend Channel.
(See ninth chart below -YellowTrendlines).​ 

The weekly VIX chart confirmed 5 weeks ago that we are getting into a more volatile trading environment.
The buy the dip mentality is strong and investors ignored the last inflation data.​ Technology stocks outperforming tremendously the SP500. Buyback stocks are holding that market for now.


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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

The Trump Experiment - Financial Markets $SPY #sp500 #usdollar #bonds #gold #stocks #investing #trading #spy #dxy #aapl #copper #vix 

Weekly Chart ( Candles )
TLT ETF (​ iShares Year Treasury Bond ETF  )
​Volume ( Bottom Blue Area )​

Weekly Chart
​SP500 Index ( SPY ETF - Top Panel - Candles )
​SPY ETF Volume ( Bottom Panel - Blue Area )​​

 ​Weekly Chart ( Candles )
​Copper Futures ( HG2 )
​Volume ( Bottom Blue Area )​​

 ​​Weekly Chart ( Candles )
​US Dollar Index ( DXY )

Weekly Chart 
Vanguard Total Stock Market​ ETF ( VTI ETF )

Weekly Chart
​NASDAQ 100 Index ( QQQ ETF - Candles)

Weekly Chart
​Apple Shares ( AAPL )
​Volume ( Bottom Panel - Blue Area )​​

Weekly Chart ( Candles )
CBOE SP500 Index Volatility (​ VIX  )

 ​Weekly Chart ( Candles )
​Oil Futures ( CL2 )
​Volume ( Bottom Blue Area )​​