FINANCIAL ICEBERG
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US Technical Charts Potpourri
January 09 2017 ( From TradingView, CNN Money )
January 09 2017 ( From TradingView, CNN Money )
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Two months ago was the Trumpification of Financial Markets as pro-growth
and reflation theme within a protectionism bias repriced violently all SP500
Major Market Sectors. Sectors winners: Financial and Industrial, Sectors
losers: Interest rates sensitive: Utilities and Consumer Staples.
The Stock Market is already pricing a lot of good news...
Some Weekly Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) is within a Weekly Rising Channel: Breakout
on December 5 week of a Rising Wedge (See first chart below, Yellow trendlines)
but no new high yet...
2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3613 US Stocks
(so for me it is the Total Market Index) reached a new high ever But did not
break yet the Major Resistance Trendline (See second chart below - Ellipse).
3) MTUM ETF (iShares Edge MSCI USA Momentum Factor ETF) on a relative
basis (ratio of MTUM vs SPY ETF) already broke a Major Weekly Support
Trendline that started back in April 2014! (See third chart below - Left - Blue).
That is my Canary in the Coal Mine as Momentum Stocks do not lead anymore!
4) Apple Shares (AAPL) broke the Weekly Support Trendline from a Rising Channel (See fourth chart below - Right - Blue Trendline) but unable yet to get back into it.
5) DXY Index (US Dollar Index) broke the Weekly Resistance trendline (See fifth chart below - Ellipse) and reached a level last seen in December 2002. (See fifth chart below - Red Line). Make the US $ great again!
6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke the weekly Major support trendline that started back since December 2013 (See sixth chart below - Grey Line - Ellipse)and now in Dead Cat Bounce Mode.
7) VIX Index (SP500 Volatility-CBOE) is now back at the Major Weekly Support Trendline (See seventh chart below - Grey) and the loest Weekly Close since June 2014!
8) Copper Futures (HG2-COMEX) broke a Major Weekly Resistance Trendline. (See eight chart below - Ellipse)
9) Light Crude Oil Futures (CL2-NYMEX) still above the Weekly Breakout Trendlines that Bulls need to protect.
(See ninth chart below - Grey Trendline - Ellipse)
As most of the participants are all in in US Stocks, the US Dollar Index (DXY) good behavior remains the key here...
and reflation theme within a protectionism bias repriced violently all SP500
Major Market Sectors. Sectors winners: Financial and Industrial, Sectors
losers: Interest rates sensitive: Utilities and Consumer Staples.
The Stock Market is already pricing a lot of good news...
Some Weekly Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) is within a Weekly Rising Channel: Breakout
on December 5 week of a Rising Wedge (See first chart below, Yellow trendlines)
but no new high yet...
2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3613 US Stocks
(so for me it is the Total Market Index) reached a new high ever But did not
break yet the Major Resistance Trendline (See second chart below - Ellipse).
3) MTUM ETF (iShares Edge MSCI USA Momentum Factor ETF) on a relative
basis (ratio of MTUM vs SPY ETF) already broke a Major Weekly Support
Trendline that started back in April 2014! (See third chart below - Left - Blue).
That is my Canary in the Coal Mine as Momentum Stocks do not lead anymore!
4) Apple Shares (AAPL) broke the Weekly Support Trendline from a Rising Channel (See fourth chart below - Right - Blue Trendline) but unable yet to get back into it.
5) DXY Index (US Dollar Index) broke the Weekly Resistance trendline (See fifth chart below - Ellipse) and reached a level last seen in December 2002. (See fifth chart below - Red Line). Make the US $ great again!
6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke the weekly Major support trendline that started back since December 2013 (See sixth chart below - Grey Line - Ellipse)and now in Dead Cat Bounce Mode.
7) VIX Index (SP500 Volatility-CBOE) is now back at the Major Weekly Support Trendline (See seventh chart below - Grey) and the loest Weekly Close since June 2014!
8) Copper Futures (HG2-COMEX) broke a Major Weekly Resistance Trendline. (See eight chart below - Ellipse)
9) Light Crude Oil Futures (CL2-NYMEX) still above the Weekly Breakout Trendlines that Bulls need to protect.
(See ninth chart below - Grey Trendline - Ellipse)
As most of the participants are all in in US Stocks, the US Dollar Index (DXY) good behavior remains the key here...
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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
Weekly 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
Weekly 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
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 )
Financialiceberg.Com
Weekly Chart
Momentum Factor ( MTUM ETF - Top Panel - Candles )
Volume ( Bottom Panel - Blue Area )
Momentum Factor ( MTUM ETF - Top Panel - Candles )
Volume ( Bottom Panel - Blue Area )
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 )
