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US Technical Charts Potpourri
January 14 2018 ( From TradingView, CNN Money )
January 14 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. The Stock
Market Indices in a Major Divergence with 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 15 weeks ago a Weekly
Resistance of a Rising Wedge Technical Pattern (red trendlines). Broke 2 weeks
ago 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 15 weeks ago. Broke last week the Resistance of a
Weekly Uptrend Megaphone. (See second chart below - Red Trendlines).
3) QQQ ETF (NASDAQ - 100 Index) New High Ever. Broke last week the
Resistance of a Weekly main Uptrend Channel, so critical for Bulls.
(See third chart below - Channel).
4) Apple Shares (AAPL) New High Ever + Tested and rebounded 2 weeks ago
from a Weekly Rising Wedge Technical Pattern Support Trendline. (See fourth chart below - Right - Red Trendlines)
5) DXY Index (US Dollar Index) Broke last week the Support from a Weekly Downtrend Channel. The Stock
Market Indices in a Major Divergence with the US Dollar Index (DXY), not usually a sign of confidence.
(See fifth chart below - Blue Trendline)
6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke 15 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 2 weeks ago a Weekly Uptrend Resistance Trendline.
(See eight chart below-Channel)
9) Light Crude Oil Futures (CL2-NYMEX) Broke 3 weeks ago the Resistance of a Major Weekly Rising Wedge so critical for Bulls to stay over (becomes Support). Broke last week the Resistance of a Weekly Uptrend Channel that started since July 2017. (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.
Trump Tax Approval was more than welcome by the markets. The Stock
Market Indices in a Major Divergence with 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 15 weeks ago a Weekly
Resistance of a Rising Wedge Technical Pattern (red trendlines). Broke 2 weeks
ago 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 15 weeks ago. Broke last week the Resistance of a
Weekly Uptrend Megaphone. (See second chart below - Red Trendlines).
3) QQQ ETF (NASDAQ - 100 Index) New High Ever. Broke last week the
Resistance of a Weekly main Uptrend Channel, so critical for Bulls.
(See third chart below - Channel).
4) Apple Shares (AAPL) New High Ever + Tested and rebounded 2 weeks ago
from a Weekly Rising Wedge Technical Pattern Support Trendline. (See fourth chart below - Right - Red Trendlines)
5) DXY Index (US Dollar Index) Broke last week the Support from a Weekly Downtrend Channel. The Stock
Market Indices in a Major Divergence with the US Dollar Index (DXY), not usually a sign of confidence.
(See fifth chart below - Blue Trendline)
6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke 15 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 2 weeks ago a Weekly Uptrend Resistance Trendline.
(See eight chart below-Channel)
9) Light Crude Oil Futures (CL2-NYMEX) Broke 3 weeks ago the Resistance of a Major Weekly Rising Wedge so critical for Bulls to stay over (becomes Support). Broke last week the Resistance of a Weekly Uptrend Channel that started since July 2017. (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
-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
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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
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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
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 )
