Always consider hidden risks
US Technical Charts Potpourri
 October 24 2016 ( From TradingView, CNN Money )
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Last week, US Financial Markets were in Consolidation mode as Geo-Political
​risk increased and the US Dollar Index (DXY) rose mainly on good US Retail
Sales data​ and US rates differential:​​
​Dollar Bulls Undeterred as Warning Signs Flash on Greenback Gain

​​Some Technical Charts and Short Comments on US financial products:
​1) SPY ETF (SPDR S&P 500 ETF)  is still into a Weekly Downtrend Channel
​and tested last two weeks a Major Support Trendline that stared back since
​February 8 2016 week. (
See first chart below, Grey trendline - Ellipse)​​

2) ACWX ETF (iShares MSCI ACWI ex U.S.) is surprinsingly outperforming
the SP500 Index (​SPY ETF) since​ the beginning of July 2016.
(See second chart below - Ratio of SPY/ACWX  ETF - Candles)​​
​​3) ​QQQ ETF (NASDAQ- 100 Index Tracking Stock) broke a Weekly Support
​Trendline from a steep Rising Wedge. Quite surprising as Apple shares did
quite well in that turmoil​ and is 11.38% of the QQQ ETF.
(See third chart below - Left - Blue trendline - Ellipse)​​

4) TWOK ETF (SPDR Russell 2000 ETF) broke two weeks ago a steep Rising Wedge Support Trendline and still within a Weekly Downtrend Channel. (See fourth chart below - Right - Blue Trendline - Ellipse)

​​​5) DXY Index (US Dollar Index) continue a strong impulse since breaking out a Major Weekly Resistance Trendline from a Falling Wedge two weeks ago. (See fifth chart below - Blue Trendline - Ellipse)​

6) TLT ETF (iShares 20+ Year Treasury Bond ETF) is still within a Weekly Downtrend Channel; also broke the support trendline two weeks ago.  (See sixth chart below - Blue Trendline - Ellipse)​​
7) VIX Index (​SP500 Volatility-CBOE) is in strong Compression Mode. (See seventh chart below).

8) Copper Futures (HG2-COMEX) is at a Weekly Support Trendline critical for Bulls to hold at all costs.
​(See eight chart below - Amber trendline - Ellipse)
9) Light Crude Oil Futures (CL2-NYMEX) is getting near a Major Resistance Trendline within a Major Rising Wedge Technical Pattern. (See ninth chart below - Grey Trendline - Ellipse)​

​​Very atypical Markets; US $ up, oil up, US stocks and bonds slightly up. High beta stocks outperforming and small cap stocks under pressure...


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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

US Technical Charts Potpourri $SPY #sp500 #usdollar #bonds #gold #stocks  #investing #trading #spy #dxy #bonds #gold #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 (RATIO)
​SP500 Index ( SPY ETF )
iShares MSCI ACWI ex U.S.​ ( ACWX ETF )​​
Weekly Chart
​NASADQ 100 Index ( QQQ ETF - Top Panel - Candles )
​QQQ ETF Volume ( Bottom Panel - Blue Area )​​
Weekly Chart
​Russell 2000 ( TWOK ETF - Top Panel - Candles )
​TWOK ETF Volume ( Bottom Panel - Blue Area )​​
Weekly Chart ( Candles )
CBOE SP500 Index Volatility (​ VIX  )

 ​Weekly Chart ( Candles )
​Oil Futures ( CL2 )
​Volume ( Bottom Blue Area )​​