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US Technical Charts Potpourri
February 27 2017 ( From TradingView, CNN Money )
February 27 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) repriced violently all SP500 Market Sectors. Sectors winners: Financial a
Two weeks ago, Trump announced that tax cut details are 1 week 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) broke a Weekly Rising Channel Resistance.
Broke two 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) 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 two weeks ago the Major Weekly
Resistance Trendline of a Rising Channel (See third chart below - Left)
and new high ever. Observe the Weekly Doji Technical Pattern.
4) Apple Shares (AAPL) Still Into a Steep Weekly Rising Channel. (See fourth chart below - Right - Channel). Highest price ever last week and a Weekly Doji Technical Pattern like the QQQ ETF.
5) DXY Index (US Dollar Index) is back above its Previous Weekly Breakout Trendline (See fifth chart below - Grey Trendline) so critical for Bulls...
6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Still Into a painful consolidation within a Weekly Rising Channel on strong Volume. (See sixth chart below - Channel) Highest weekly close since November 7 2016.
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 52 WMA (Weekly Moving Avg-green) since December 2014!
8) Copper Futures (HG2-COMEX) broke a Weekly Support Trendline. (See eight chart below-Red Trendline)
9) Light Crude Oil Futures (CL2-NYMEX) consolidation near the previous Weekly Breakout Trendlines that Bulls need to protect at all costs. (See ninth chart below - Grey Trendline - Ellipse)
Another Trump Headline (potential tax cuts) gave some new 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
Two weeks ago, Trump announced that tax cut details are 1 week 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) broke a Weekly Rising Channel Resistance.
Broke two 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) 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 two weeks ago the Major Weekly
Resistance Trendline of a Rising Channel (See third chart below - Left)
and new high ever. Observe the Weekly Doji Technical Pattern.
4) Apple Shares (AAPL) Still Into a Steep Weekly Rising Channel. (See fourth chart below - Right - Channel). Highest price ever last week and a Weekly Doji Technical Pattern like the QQQ ETF.
5) DXY Index (US Dollar Index) is back above its Previous Weekly Breakout Trendline (See fifth chart below - Grey Trendline) so critical for Bulls...
6) TLT ETF (iShares 20+ Year Treasury Bond ETF) Still Into a painful consolidation within a Weekly Rising Channel on strong Volume. (See sixth chart below - Channel) Highest weekly close since November 7 2016.
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 52 WMA (Weekly Moving Avg-green) since December 2014!
8) Copper Futures (HG2-COMEX) broke a Weekly Support Trendline. (See eight chart below-Red Trendline)
9) Light Crude Oil Futures (CL2-NYMEX) consolidation near the previous Weekly Breakout Trendlines that Bulls need to protect at all costs. (See ninth chart below - Grey Trendline - Ellipse)
Another Trump Headline (potential tax cuts) gave some new 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 )
