Always consider hidden risks
US Technical Charts Potpourri
 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.


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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 )​​