FINANCIAL ICEBERG
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US Technical Charts Potpourri
January 30 2017 ( From TradingView, CNN Money )
January 30 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
What have changed since the Trump fever is that the US Dollar is falling now
and already some deglobalization impacts (NAFTA, TPP).
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 within a Weekly Rising Channel. Broke
last week the Resistance Trendline (See first chart below, Rising Channel +
Red trendline) = Expect more Volatility ahead.
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
Kissed the Major Weekly Resistance Trendline (See second chart below - Ellipse).
3) QQQ ETF (NASDAQ - 100 Index) Broke the Weekly Resistance Trendline of
a Rising Channel (See third chart below - Left) and made new high ever.
4) Apple Shares (AAPL) still within a Weekly Rising Channel and Tested the
Resistance Trendline from a Weekly Rising Wedge (See fourth chart below - Right - Yellow Trendlines). Highest price since November 2015.
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 that started back since September 26 2016 (See sixth chart below - Channel) and now into a painful consolidation within a Weekly Rising Channel.
7) VIX Index (SP500 Volatility-CBOE) is still at the Major Weekly Support Trendline (See seventh chart below - Grey) and 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)
As most of the participants are all in for US Financial Assets, the 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
What have changed since the Trump fever is that the US Dollar is falling now
and already some deglobalization impacts (NAFTA, TPP).
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 within a Weekly Rising Channel. Broke
last week the Resistance Trendline (See first chart below, Rising Channel +
Red trendline) = Expect more Volatility ahead.
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
Kissed the Major Weekly Resistance Trendline (See second chart below - Ellipse).
3) QQQ ETF (NASDAQ - 100 Index) Broke the Weekly Resistance Trendline of
a Rising Channel (See third chart below - Left) and made new high ever.
4) Apple Shares (AAPL) still within a Weekly Rising Channel and Tested the
Resistance Trendline from a Weekly Rising Wedge (See fourth chart below - Right - Yellow Trendlines). Highest price since November 2015.
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 that started back since September 26 2016 (See sixth chart below - Channel) and now into a painful consolidation within a Weekly Rising Channel.
7) VIX Index (SP500 Volatility-CBOE) is still at the Major Weekly Support Trendline (See seventh chart below - Grey) and 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)
As most of the participants are all in for US Financial Assets, the 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 )
