Always consider hidden risks
US Technical Charts Potpourri
 July 16 2017 ( From TradingView, CNN Money )
If you would like to receive our free daily markets updates, please Sign-up

The SP500 Index behavior of the past 4 weeks is in fact hiding a huge
​sector ​rotation that is under way; technology sector weakness being replace
​by a ​strong industrial and material sectors (new high ever last week). ​

​Some Weekly Technical Charts and Short Comments on US financial products:
​1) SPY ETF (SPDR S&P 500 ETF) Nwe High Ever and broke last week a Weekly
​Downtrend Channel Resistance. Into a Weekly Rising Channel.
(See first chartbelow Channel + ​Red trendlines)​​

2) VTI ETF (Vanguard Total Stock Market ETF) comprised of 3591 US Stocks
(Total Market Index) is now 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) Back Into the Weekly Uptrend Channel
that started in December 2016. ​ ​
​(See third chart below - ​Channel)​​.  ​

4) Apple Shares (AAPL) broke 6 weeks ago the previous Weekly Breakout
​(See fourth chart below - Right - Red Trendline) Becomes Major
​Resistance Trendline that Bears need to protect at all costs.​ Broke the
​Weekly Downtrend Channel. Into a New Weekly Megaphone. (
Grey Trendlines)

​​​5) DXY Index (US Dollar Index) broke 11 weeks ago the Support Trendline (See fifth chart below - Blue Trendline)​ and broke 9 weeks ago the Weekly Falling Wedge Support (Red Trendlines). Still into a Weekly Downtrend Channel.
Lowest Weekly close since August 2016.​

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) broke a Weekly Rising Channel Support Trendline 2 weeks ago. (See sixth chart below - Channel)​​  Closed below the 12 WMA (Weekly Moving Avg-red 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). Lowest Weekly close since December 1993.
8) Copper Futures (HG2-COMEX) broke 7 weeks ago a Weekly Resistance Trendline of a Downtrend Channel. Now into a Weekly Uptrend Channel.​  (See eight chart below-Channel) 

​​9) Light Crude Oil Futures (CL2-NYMEX) Since breaking the Old Weekly Rising Wedge Support Pattern 6 weeks ago, into a Weekly Downtrend Channel. Near the Resistance. ​​​(See ninth chart below - Grey Trendline).​ 

Sectors rotation from Technology stocks to Health Care, Industrials and Materials made a brand new high for the Mighty SP500 Index. 


tatisticCode" src="Scripts/stats-tracking.js">
"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 )​​