Financial Iceberg

FINANCIAL ICEBERG

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TECHNICALS

US Technical Charts Potpourri
August 06 2017 ( From TradingView, CNN Money )

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The SP500 Index behavior of the past 6 weeks is in fact hiding a quite
interesting pattern; weak Consumer Staples and High Beta Stocks and a
strong Financial sector and Low Beta Stocks.

Some Weekly Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) Testing the Resistance of a Weekly Rising
Wedge Technical Pattern.. (See first chart below - Channel + Red trendlines)

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3591 US Stocks
(Total Market Index) is near testing the previous Weekly breakout Trendline
from April 2016. (See second chart below - Top Grey Trendline). Into Rising Wedge.

3) QQQ ETF (NASDAQ - 100 Index) Still Into a Weekly Uptrend Channel that
started in December 2016. (See third chart below - Channel).

4) Apple Shares (AAPL) broke 9 weeks ago the previous Weekly Breakout
Trendline. (See fourth chart below - Right - Red Trendline) Becomes Major
Resistance Trendline that Bears need to protect at all costs. First retest of
of that Resistance since Breakdown. Into a Weekly Megaphone. (Grey Trendlines)

5) DXY Index (US Dollar Index) broke 14 weeks ago the Support Trendline (See fifth chart below - Blue Trendline) and broke 12 weeks ago the Weekly Falling Wedge Support (Red Trendlines). Still into a Weekly Downtrend Channel. At Previous Breakout Trendline (blue) and a Weekly Hammer Technical Pattern.

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke the Weekly Rising Channel Support Trendline 5 weeks ago. (See sixth chart below - Channel - Yellow) Rejected again the 52 WMA (Weekly Moving Avg-green line).

7) VIX Index (SP500 Volatility-CBOE) strong weekly compression within a Falling Wedge that started since August 2015. (See seventh chart below - Grey Trendlines).

8) Copper Futures (HG2-COMEX) broke 10 weeks ago a Weekly Resistance Trendline of a Downtrend Channel. Now into a Weekly Rising Wedge. (See eight chart below-Yellow Trendlines) Highest Level since May 2015.

9) Light Crude Oil Futures (CL2-NYMEX) Testing a Weekly Uptrend Channel Resistance that started since June 2017. (See ninth chart below -Channel).

Still Major Sectors rotation keeping near the highs on the SP500 Index (SPY ETF). Within bear seasonalities time frame.

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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 )

Financialiceberg.Com

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 )

Financialiceberg.Com