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US Technical Charts Potpourri
February 20 2017 ( From TradingView, CNN Money )
February 20 2017 ( From TradingView, CNN Money )
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The Trumpification of Financial Markets continue (pro-growth and reflation
theme within a protectionism bias) repriced violently all SP500 Market Sectors. Sectors winners: Financial a
Last week, Trump announced that tax cut details are 1 to 2 weeks from now
That led the market to new high ever!
Please fasten your seat belt as 2017 will make Volatility Great Back Again!
Some Weekly Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) is still within a Weekly Rising Channel.
Broke last week the Weekly Resistance Trendline that Bulls need to protect.
(See first chart below, Rising Channel + Blue trendline)
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 last week and
broke the Weekly Resistance Trendline (See second chart below - Ellipse).
3) QQQ ETF (NASDAQ - 100 Index) Broke the Major Weekly Resistance
Trendline of a Rising Channel (See third chart below - Left) and new high ever.
4) Apple Shares (AAPL) broke two weeks ago a Weekly Rising Channel and
the Resistance Trendline from a Weekly Rising Wedge (See fourth chart below - Right - Yellow Trendlines). Highest price ever last week
5) DXY Index (US Dollar Index) is back Testing its Previous Weekly Breakout Trendline (See fifth chart below - Grey Trendline) so critical for Bulls...
6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke the Weekly Resistance Trendline of a Downtrend Channel (November 7 week) that started back since September 26 2016 (See sixth chart below - Channel) and now into a painful consolidation within a Weekly Rising Channel on strong trading volume.
7) VIX Index (SP500 Volatility-CBOE) is still near the Major Weekly Support Trendline of a Falling Wedge (See seventh chart below - Grey) and one of the lowest Weekly Close since June 2014!
8) Copper Futures (HG2-COMEX) re-Testing a Weekly Support Trendline. (See eight chart below-Red Trendline)
9) Light Crude Oil Futures (CL2-NYMEX) tested again the Weekly Breakout Trendlines that Bulls need to protect at all costs. (See ninth chart below - Grey Trendline - Ellipse)
Another Trump Headline (potential tax cuts) two weeks ago gave some push to new highs on stocks and a reversal with a stronger US Dollar Index (DXY): good behavior remains the key here...
theme within a protectionism bias) repriced violently all SP500 Market Sectors. Sectors winners: Financial a
Last week, Trump announced that tax cut details are 1 to 2 weeks from now
That led the market to new high ever!
Please fasten your seat belt as 2017 will make Volatility Great Back Again!
Some Weekly Technical Charts and Short Comments on US financial products:
1) SPY ETF (SPDR S&P 500 ETF) is still within a Weekly Rising Channel.
Broke last week the Weekly Resistance Trendline that Bulls need to protect.
(See first chart below, Rising Channel + Blue trendline)
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 last week and
broke the Weekly Resistance Trendline (See second chart below - Ellipse).
3) QQQ ETF (NASDAQ - 100 Index) Broke the Major Weekly Resistance
Trendline of a Rising Channel (See third chart below - Left) and new high ever.
4) Apple Shares (AAPL) broke two weeks ago a Weekly Rising Channel and
the Resistance Trendline from a Weekly Rising Wedge (See fourth chart below - Right - Yellow Trendlines). Highest price ever last week
5) DXY Index (US Dollar Index) is back Testing its Previous Weekly Breakout Trendline (See fifth chart below - Grey Trendline) so critical for Bulls...
6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Broke the Weekly Resistance Trendline of a Downtrend Channel (November 7 week) that started back since September 26 2016 (See sixth chart below - Channel) and now into a painful consolidation within a Weekly Rising Channel on strong trading volume.
7) VIX Index (SP500 Volatility-CBOE) is still near the Major Weekly Support Trendline of a Falling Wedge (See seventh chart below - Grey) and one of the lowest Weekly Close since June 2014!
8) Copper Futures (HG2-COMEX) re-Testing a Weekly Support Trendline. (See eight chart below-Red Trendline)
9) Light Crude Oil Futures (CL2-NYMEX) tested again the Weekly Breakout Trendlines that Bulls need to protect at all costs. (See ninth chart below - Grey Trendline - Ellipse)
Another Trump Headline (potential tax cuts) two weeks ago gave some push to new highs on stocks and a reversal with a stronger 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
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 )
