Financial Iceberg

FINANCIAL ICEBERG

Always consider hidden risks

TECHNICALS

US Technical Charts Potpourri
July 23 2017 ( From TradingView, CNN Money )

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The SP500 Index behavior of the past 5 weeks is in fact hiding a quite
interesting pattern; weak Consumer Sectors (Staples and Discretionary)
and a strong Health Care 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) New High Ever and Into a Weekly Rising
Wedge Technical Pattern.. (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) New High Ever + Into the Weekly
Uptrend Channel that started in December 2016. (See third chart below - Channel).

4) Apple Shares (AAPL) broke 7 weeks ago the previous Weekly Breakout
Trendline. (See fourth chart below - Right - Red Trendline) Becomes Major
Resistance Trendline that Bears need to protect at all costs. Broke the Weekly
Downtrend Channel 2 weeks ago. Into a Weekly Megaphone. (Grey Trendlines)

5) DXY Index (US Dollar Index) broke 12 weeks ago the Support Trendline (See fifth chart below - Blue Trendline) and broke 10 weeks ago the Weekly Falling Wedge Support (Red Trendlines). Still into a Weekly Downtrend Channel. Lowest Weekly close since June 2016.

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) back Into a Weekly Rising Channel Support Trendline.
(See sixth chart below - Channel) Closed at the 52 WMA (Weekly Moving Avg-green 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 8 weeks ago a Weekly Resistance Trendline of a Downtrend Channel. Now into a Weekly Rising Wedge. (See eight chart below-Blue Trendlines)

9) Light Crude Oil Futures (CL2-NYMEX) Since breaking the Old Weekly Rising Wedge Support Pattern 7 weeks ago, into a Weekly Downtrend Channel. (See ninth chart below -Channel).

Surprisingly weak Consumer Sectors associated with that brand new high ever on the SP500 Index (SPY ETF).

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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 )

Financialiceberg.Com

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 )

Financialiceberg.Com