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US Technical Charts Potpourri
January 07 2018 ( From TradingView, CNN Money )

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The SP500 Index is still into an euphoria phase technical pattern as the
Trump Tax Approval was more than welcome by the markets. Weaker
Non Farm Payroll was another good factor for the strong market.
All good news lately not reflected in the US Dollar Index (DXY)

Some Weekly Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) New High Ever. Broke 14 weeks ago a Weekly
Resistance of a Rising Wedge Technical Pattern (red trendlines). Broke last
week the Major Weekly Resistance from a Rising Channel.
(See first chart below - yellow trendline)

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3 607 US Stocks
(Total Market Index) New High Ever. Broke the Resistance of a Weekly Rising
Wedge Technical Pattern 14 weeks ago. Still into the Weekly Uptrend
Megaphone. (See second chart below - Red Trendlines).

3) QQQ ETF (NASDAQ - 100 Index) New High Ever. Still Into a Weekly main
Uptrend Channel, so critical for Bulls .(See third chart below - Channel).

4) Apple Shares (AAPL) Testes and rebounded from a Weekly Rising Wedge
Technical Pattern Support Trendline. (See fourth chart below - Right - Red Trendlines)

5) DXY Index (US Dollar Index) Into a Weekly Downtrend Channel. Still Above the Previous Weekly Breakout Trendline. (See fifth chart below - Blue Trendline)

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke 14 weeks ago a large Weekly Rising Wedge Support Trendline. (See sixth chart below - Yellow Trendlines) Strong Weekly Price Compression within a Wedge (red).

7) VIX Index (SP500 Volatility-CBOE) Strong Price Compression within a Weekly Falling Wedge Technical Pattern. (See seventh chart below - Grey Trendlines).

8) Copper Futures (HG2-COMEX) Tested and Rejected a Weekly Uptrend Resistance Trendline.
(See eight chart below-Channel)

9) Light Crude Oil Futures (CL2-NYMEX) Still Into a Weekly Uptrend Channel that started since July 2017. Broke the Resistance of a Major Weekly Rising Wedge so critical for Bulls to stay over (becomes Support).
(See ninth chart below -Red Trendlines).

The US stock market is into an euphoria phase on the Trump Tax Cuts. Retail is still chasing Momentum and High Beta stocks in favor of Value stocks, a situation that is becoming extremely speculative.

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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