Always consider hidden risks
US Technical Charts Potpourri
 March 20 2017 ( From TradingView, CNN Money )
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The Trumpification of Financial Markets still on (pro-growth and reflation
​theme within a protectionism bias) and the budget snapshot we had last week
​was only good for the military sector of the economy. FED did hike but stayed
dovish on their inflation outlook; that did not bring a new on SP500 though.​

​​Some Weekly Technical Charts and Short Comments on US financial products:
​1) SPY ETF (SPDR S&P 500 ETF)  still into a Weekly Uptrend Channel.
​Broke four weeks ago the Weekly Resistance Trendline that Bulls need to
​protect at all costs. (
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) tested for a second week ​in a row the
​second breakout ​Trendline ​(See second chart below - Ellipse). 

​​3) QQQ ETF (NASDAQ - 100 Index) Broke four weeks ago the Major Weekly
​Resistance ​Trendline of ​a Rising Wedge​ (See third chart below - ​Left-Blue)​​
​and made a new high ever week as high tech are leading this market.

4) Apple Shares (AAPL) Still Into a Steep Weekly Rising Channel. (See fourth
​chart ​below - Right - Channel) Bulls need to protect. New High Ever as the Technology Sector is the leader.

​​​5) DXY Index (US Dollar Index) is back below its Previous Weekly Breakout Trendline (See fifth chart below - Grey Trendline)​ and unable to make new high with good economic numbers... Starting to be a concern...

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Into a Weekly Downward Channel. (See sixth chart below - Channel)​​ Last Call for Bulls is the Yellow Support Trendline.
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 the lowest 52 WMA (Weekly Moving Avg-green) since October 2014!
8) Copper Futures (HG2-COMEX) broke three weeks ago a Weekly Support Trendline.​ (See eight chart below-Red Trendline) and into a Weekly Downtrend Channel.
9) Light Crude Oil Futures (CL2-NYMEX) broke two weeks ago the previous Weekly Breakout Trendlines ​(See ninth chart below - Grey Trendline - Ellipse)​ and now testing the old Weekly Rising Wedge Support Trendline.

​​A few signs tells me to be cautious here: SP100 (Big Capitalization) outperforming SP500 Index, US Dollar Index (DXY) weaker and no new high yet on Major Indices on good economic numbers...


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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 )​​